About the paper: An analysis of Zambia’s monetary policy adjustment: The link between theory and practice

This paper provides critical analysis pertaining to the recent raised magnitude of the monetary policy rate by Bank of Zambia through the monetary policy committee (MPC) at its November 22nd to 23rd, 2021 meeting. With regards to this, discussions in this paper are aimed at deducing possible positive and negative effects of the contemporary higher monetary policy rate by linking what has been done and expected to happen (Practice), to what is conventionally expected when done may consequently happen (Theory). Thereby, employing a Practice-Versus-Theory approach will be relevant in articulating potential effects of the 50-basis point increase of the policy rate on complex market systems in Zambia. This is of fundamental importance to avoid propensities of making inferences without proper contemplation on economic phenomena.

Author: Fitzgerald Witika

Year: 2021

Publisher: Research Expert Solutions

By Fitzgerald Witika

Fitzgerald Witika is a luminary economist, exhibiting extraordinary talent in the realms of research and development. His distinguished portfolio boasts a trailblazing contribution to the landscape of contemporary health economics, wherein he applies the Aggregate Demand and Supply (AD-AS) model with theoretical precision to elucidate the global economic ramifications of the COVID-19 pandemic. Moreover, he is also known as the author of the book titled “Manifest the Genius in You” published in 2019. Subsequently, his contribution to monetary economics is based on the application of the quantity theory of money in explaining the outcomes of adopting Central Bank Digital currencies (CBDCs). Besides that, Fitzgerald Witika has also collaborated with many researchers around the world and contributed as well as edited book chapters in applied econometrics. Fitzgerald Witika is a consummate research consultant, whose prodigious acumen spans across a diverse spectrum of disciplines, including business research, economics research, econometric analysis, natural scientific research, academic research, and data analysis with SPSS, EVIEWS, STATA, R-software and EXCEL. His multifaceted expertise is honed by his extensive experience in providing consultancy services to both individuals and organizations, spanning a broad range of industries and sectors. With a refined skill set that blends academic and practical expertise, Fitzgerald is recognized for his ability to deliver bespoke consultancy solutions that are tailored to the unique needs of his clients. As a seasoned writer, researcher, econometrician, data scientist, and research consultant, Fitzgerald Witika has garnered extensive experience spanning numerous disciplines, particularly in economics, business, engineering, and other natural and scientific fields. With an impressive portfolio of over 150 research projects, Fitzgerald’s track record speaks to his exceptional ability to navigate complex research problems with ease and deliver cutting-edge solutions. As an econometrician, Fitzgerald has a comprehensive understanding of the mathematical and statistical models that underpin economic analysis, enabling him to leverage advanced techniques to analyze complex datasets and extract meaningful insights. His mastery of econometric tools such as regression analysis, panel data analysis, time series analysis, and forecasting has earned him a reputation as a leading expert in the field. | Economist | Author | Econometrician| Web Developer | Researcher |

Leave a Reply

Your email address will not be published. Required fields are marked *