MARKET ROUT OF 1994? -- VI. WHAT ROLE FOR MONETARY POLICY? -- VII. CONCLUSION -- REFERENCES. …

This paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time …

The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms …, referred to as 'pass-through', is an important ingredient of monetary policy transmission to output and prices. Using data on …, and d) the effects of pass-through to outstanding mortgage rates on monetary transmission on prices and output are …

We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data … economic distress. These results contribute to the ongoing debate on the role of monetary policy in financial stability and … suggest that monetary policy has a bearing on the riskiness of banks and financial stability more generally …

economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism …, and extensive macrofinancial linkages, both within and across economies. A variety of monetary policy analysis, fiscal …

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council … channel does not appear to play an important role as a monetary transmission mechanism because of the pegged exchange rate … and facilitating the development of liquid domestic capital markets - would advance the effectiveness of monetary …

Intro -- Contents -- I. INTRODUCTION -- II. MONETARY POLICY ANALYSIS AT THE IMF -- III. MACROECONOMIC MODELING -- IV …

COUNTRIES -- III. MEASUREMENT OF EXCESS LIQUIDITY -- IV. EXCESS BANK LIQUIDITY AND MONETARY POLICY TRANSMISSION MECHANISM -- V …