Anthony Gathogo

Anthony GathogoAnthony Gathogo is an economic researcher at the Central Bank of Kenya. He has accumulated policy oriented research and private consultation experience over five years. The areas of his research work are monetary policy, financial development, and poverty alleviation. He is currently on study leave to pursue Ph. D. in public policy at KDI School of Public Policy and Management in Korea. Gathogo earned a BA in economics from University of Nairobi in Kenya and an MA in public policy from KDI School.

Papers Published in World Economics:

Inflation Targeting in Developing Countries

This paper analyzes economic and institutional factors that affect the likelihood of adopting an inflation-targeting monetary policy regime in emerging markets and developing countries. We use a logit model for a sample that comprises both inflation-targeting and non-targeting countries for the period of 1990–2009. The results show that countries experiencing improved macroeconomic performance and stronger institutional stability have a high chance of switching to the inflation-targeting framework. In particular, central bank independence, as measured by governor turnover rate and legal independence, positively affects the decision to change regimes.

Read Full Paper >