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DOI :10.26650/JEPR1082693   IUP :10.26650/JEPR1082693    Tam Metin (PDF)

The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone

Christopher E. S. WarburtonEmerson Abraham Jackson

In this paper, the authors explored the interaction of macroeconomic variables with some form of vague interrelationships. The relevance of factor analysis has demonstrated an existing association between manifest and latent variables in helping the researchers come out with informed and justified suggestions that are relevant to inform effective policy decisions for the central bank action in Sierra Leone. We examine the relationships among some significant manifest and latent variables in a small open economy (Sierra Leone) using time series data spanning from 2005 to 2020. Both international crude oil prices and the local currency in circulation were found to be loadable under two factors (domestic and external), while the exchange rate was observed to be loaded under the external factor. The outcome also proved that the effects of domestic and international economic shocks (sudden but temporarily disrupted) converged (dissipated) after six to eight months. The paper concludes that innovation and energy diversification are important for domestic and external stability in a small open economy.

JEL Classification : C22 , E42 , E51

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DIŞA AKTAR



APA

Warburton, C.E., & Jackson, E.A. (2023). The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone. İktisat Politikası Araştırmaları Dergisi, 10(1), 19-35. https://doi.org/10.26650/JEPR1082693


AMA

Warburton C E, Jackson E A. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone. İktisat Politikası Araştırmaları Dergisi. 2023;10(1):19-35. https://doi.org/10.26650/JEPR1082693


ABNT

Warburton, C.E.; Jackson, E.A. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone. İktisat Politikası Araştırmaları Dergisi, [Publisher Location], v. 10, n. 1, p. 19-35, 2023.


Chicago: Author-Date Style

Warburton, Christopher E. S., and Emerson Abraham Jackson. 2023. “The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone.” İktisat Politikası Araştırmaları Dergisi 10, no. 1: 19-35. https://doi.org/10.26650/JEPR1082693


Chicago: Humanities Style

Warburton, Christopher E. S., and Emerson Abraham Jackson. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone.” İktisat Politikası Araştırmaları Dergisi 10, no. 1 (Jul. 2024): 19-35. https://doi.org/10.26650/JEPR1082693


Harvard: Australian Style

Warburton, CE & Jackson, EA 2023, 'The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone', İktisat Politikası Araştırmaları Dergisi, vol. 10, no. 1, pp. 19-35, viewed 21 Jul. 2024, https://doi.org/10.26650/JEPR1082693


Harvard: Author-Date Style

Warburton, C.E. and Jackson, E.A. (2023) ‘The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone’, İktisat Politikası Araştırmaları Dergisi, 10(1), pp. 19-35. https://doi.org/10.26650/JEPR1082693 (21 Jul. 2024).


MLA

Warburton, Christopher E. S., and Emerson Abraham Jackson. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone.” İktisat Politikası Araştırmaları Dergisi, vol. 10, no. 1, 2023, pp. 19-35. [Database Container], https://doi.org/10.26650/JEPR1082693


Vancouver

Warburton CE, Jackson EA. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone. İktisat Politikası Araştırmaları Dergisi [Internet]. 21 Jul. 2024 [cited 21 Jul. 2024];10(1):19-35. Available from: https://doi.org/10.26650/JEPR1082693 doi: 10.26650/JEPR1082693


ISNAD

Warburton, ChristopherE. S. - Jackson, EmersonAbraham. The Econometrics of Factor Loadings and Implications for Monetary Policy in a Small Open Economy (2005- 2020) – Sierra Leone”. İktisat Politikası Araştırmaları Dergisi 10/1 (Jul. 2024): 19-35. https://doi.org/10.26650/JEPR1082693



ZAMAN ÇİZELGESİ


Gönderim05.03.2022
Kabul24.06.2022
Çevrimiçi Yayınlanma31.01.2023

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