Browsing Journal Articles by Subject "Debt stabilization"

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    • Fiscal Policy and Public Debt in Kenya 

      Makau, Justus; Njuru, Stephen; Ocharo, Kennedy N. (IOSR Journal of Economics and Finance, 2018-09)
      Fiscal policy in Kenya has been unstable. Fiscal balance to GDP ratio worsened from a surplus of 0.2 percent to a deficit of 7.6 percentwhile debt to GDP ratio rose from 25.4 to 56.2 percent between 1963 and 2015. This ...

    • Macroeconomic Environment and Public Debt in Kenya 

      Makau, Justus K; Njuru, Stephen; Ocharo, Kennedy N. (2018)
      Purpose: To estimate the optimal levels of real economic growth rate needed to stabilize debt levels and carry out a stochastic debt simulation to determine the possible future debt path and its distribution in ...