Stephen O’Connell

Stephen O’Connell is the Gil and Frank Mustin Professor of Economics at Swarthmore College.

Content by Stephen O'Connell
  • Project

    Exchange rate study (Phase 1)

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    4 Sep 2014 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

  • Publication - Working Paper

    The Demand for Money in Tanzania (Working Paper)

    2 Sep 2014 | Christopher Adam, Pantaleo Kessy, Johnson J. Nyella, Stephen O'Connell

  • Project

    Support to the Monetary Affairs Committee (MAC) of the East African Community (EAC)

    To cope with the dual challenge of stabilizing real economic activity and maintaining a low inflation rate, the central banks of many industrial and emerging market economies have adopted monetary policy frameworks that explicitly commit them to medium-term price level stability, while allowing them some discretion to stabilize real output in the short run. However,...

    1 Feb 2013 | Stephen O'Connell, Francis Mwega

  • Project

    Support to the Monetary Affairs Committee (MAC) of the East African Community (EAC) -1

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    1 Apr 2012 | Stephen O'Connell, Christopher Adam, Pantaleo Kessy,

  • Publication - Working Paper

    Financial Architecture and the Monetary Transmission Mechanism in Tanzania (Working Paper)

    28 Mar 2012 | Peter Montiel, Christopher Adam, Wilfred Mbowe, Stephen O'Connell

  • Publication - Working Paper

    Exchange Rate Arrangements in the Transition to East African Monetary Union (Working Paper)

    1 Feb 2012 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

  • Publication - Working Paper

    Food Prices and Inflation in Tanzania (Working Paper)

    26 Jan 2012 | Christopher Adam, David Kwimbere, Wilfred Mbowe, Stephen O'Connell

  • Project

    Exchange Rate Study

    This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

    1 Aug 2011 | Christopher Adam, Pantaleo Kessy, Stephen O'Connell

  • Project

    Financial Architecture and the Transmission Mechanism

    To cope with the dual challenge of stabilizing real economic activity and maintaining a low inflation rate, the central banks of many industrial and emerging market economies have adopted monetary policy frameworks that explicitly commit them to medium-term price level stability, while allowing them some discretion to stabilize real output in the short run. However,...

    1 Apr 2011 | Peter Montiel, Christopher Adam, Stephen O'Connell

  • Project

    The Transmission Mechanism in Tanzania

    This paper is the outcome of research collaboration between staff of the Department of Economic Research and Policy at the Bank of Tanzania and the International Growth Centre. Its objective is to develop a systematic approach to the investigation of the effectiveness of monetary transmission in low-income countries that can be applied specifically to the five EAC...

    1 Jul 2010 | Christopher Adam, Stephen O'Connell, Johnson J. Nyella

  • Project

    Food Prices and Inflation Dynamics in Tanzania

    Addressing the recent sharp rise in inflation has become a central macroeconomic policy concern in Tanzania, as it has across East Africa. The macroeconomic environment has become particularly volatile since the recent financial crisis. Growth in Tanzania has fluctuated and year-on-year headline inflation edged above 10 percent in mid-2008. This study develops an...

    1 Mar 2010 | Christopher Adam, David Kwimbere, Wilfred Mbowe, Stephen O'Connell

  • Project

    The Demand for Money in Tanzania

    We develop an econometric model of the demand for M2 in Tanzania, using quarterly data from 1998 to the present. The continuous decline in velocity since the late 1990s is associated with a transformation of economic activity that has cumulatively increased the monetary intensity of GDP. Portfolio behavior also responds to expected inflation and to exchange rate...

    1 Sep 2009 | Stephen O'Connell, Pantaleo Kessy, Christopher Adam, Johnson J. Nyella