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The Nigerian economy and monetary policy: Some simple empirics
Omotor, Douglason G. - Volkswirtschaftliche Fakultät, … - 2009
The paper sets out to determine the impact of monetary policy on the Nigerian economy during the post-reform period using annual series data (1986 – 2006). Trend discussion of some basic macroeconomic indicators on the Nigerian economy among others reveal that (a) the Central Bank of Nigeria...
Persistent link: https://www.econbiz.de/10009132736
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Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka
Ghazanchyan, Manuk - Volkswirtschaftliche Fakultät, … - 2014
In this paper we examine the channels through which innovations to policy variables— policy rates or monetary aggregates—affect such macroeconomic variables as output and inflation in Sri Lanka. The effectiveness of monetary policy instruments is judged through the prism of conventional...
Persistent link: https://www.econbiz.de/10011111953
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Monetary Policy Transmission in India: A Peep Inside the Black Box
Khundrakpam, Jeevan Kumar; Jain, Rajeev - Volkswirtschaftliche Fakultät, … - 2012
important, while exchange rate channel is weak. A positive shock to policy rate leads to slowdown in credit growth with a lag of … two quarters and subsequently impacts GDP growth and inflation negatively. The same monetary policy shock has a negative …
Persistent link: https://www.econbiz.de/10011259799
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Balance Sheet Channel of Monetary Policy and Economic Growth under Fiscal Dominance: Evidence from Pakistan
Shabbir, Safia - Volkswirtschaftliche Fakultät, … - 2012
Using micro data on non-financial listed companies in Pakistan, over the period of 2000-2010, this paper emphasizes over the impact of monetary policy on economic growth through balance sheet channel. At first step, monetary tightening deteriorates the net worth of the firms and leads to cash...
Persistent link: https://www.econbiz.de/10011107430
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Monetary Transmission in Pakistan: The Balance Sheet Channel
Shabbir, Safia - Volkswirtschaftliche Fakultät, … - 2012
Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel...
Persistent link: https://www.econbiz.de/10011107761
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What about monetary transmission in Albania? Is the exchange rate pass-through (still) the main channel?
Peeters, Marga - Volkswirtschaftliche Fakultät, … - 2005
There seems to be a general perception that the exchange rate pass-through is the most important channel in the transmission process of monetary policy in Albania. This perception is questioned here in light of the altering relationships in this developing economy. A discussion on the...
Persistent link: https://www.econbiz.de/10008568632
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Does the ECB Care about Shifts in Investors’ Risk Appetite?
Papadamou, Stephanos; Siriopoulos, Costas - Volkswirtschaftliche Fakultät, … - 2008
the period January 1999 to August 2007, our results show that a shock in the risk aversion indicator affects negatively … future real activity in the eurozone in a similar way to an exchange rate shock. The ECB reacts significantly to a risk … aversion shock by reducing the interest rate in order to provide liquidity. Moreover, assuming rational expectations and using …
Persistent link: https://www.econbiz.de/10008680305
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Review over Empirical Evidence on Real Effects of Monetary Policy
Sun, Rongrong - Volkswirtschaftliche Fakultät, … - 2014
This paper reviews and discusses the empirical literature on the impact of monetary policy on output. We focus on the evolution of methods that these studies have applied and demonstrate the established fact that monetary policy has significant impact on output. Throughout the review, we...
Persistent link: https://www.econbiz.de/10011113031
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Macroeconomic Effects of a Low-Carbon Electricity Transition in Kenya and Ghana : An Exploratory Dynamic General Equilibrium Analysis
Willenbockel, Dirk - 2019
The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...
Persistent link: https://www.econbiz.de/10012894601
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A Model of Monetary Equilibrium with Random Output and Restricted Borrowing
Mierzejewski, Fernando - 2010
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534