Nyinawumuntu Esperance, Han Fuling


This study aimed to estimate the inflation determinants in the Rwandan economy from 1980 to 2018 periods, focusing more on the hypothesized drivers such as dollar exchange rate, interest rates, broad money supply and real national income (GDP). The study used quantitative analysis using an econometric model called Ordinary Least Squares (OLS). The findings of this study show that there is a long-run relationship between inflation and its hypothesized drivers mainly growth in GDP (positive), the Exchange rate (negative), Broad money supply growth (positive) and Interest rate (negative).


JEL: E31, D51, P24


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inflation; exchange rate; interest rate; money supply; Rwanda

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DOI: http://dx.doi.org/10.46827/ejefr.v0i0.756


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