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The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical …
Persistent link: https://www.econbiz.de/10014396467
This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....
Persistent link: https://www.econbiz.de/10014399957
We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the … the economy under the inflation-targeting regime. We find novel evidence that most of the channels of transmission are … operational in Hungary, in spite of large liability euroization and high foreign ownership of banks and corporations. Due to …
Persistent link: https://www.econbiz.de/10014397743
Persistent link: https://www.econbiz.de/10011281619
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …
Persistent link: https://www.econbiz.de/10009618572
and (2) the effects of the COVID-19 shock, including the endogenous fiscal and monetary policy response …
Persistent link: https://www.econbiz.de/10012613662
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …
Persistent link: https://www.econbiz.de/10012667406
National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is the cornerstone for the new forward-looking framework, which mobilizes and organizes resources and sets processes for...
Persistent link: https://www.econbiz.de/10012487178
effects of a reserve requirement policy. The results show that although a positive shock to the policy interest rate has a …
Persistent link: https://www.econbiz.de/10011715386