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transmission channels of monetary policy to GDP growth and inflation in India. It finds that external exogenous factors prolong the … impact of monetary policy transmission on GDP growth and inflation in India, while removing the problem of ‘price puzzle … monetary policy transmission in India. …
Persistent link: https://www.econbiz.de/10011259799
Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
The study exploits 2-digit level industry data for the period 1981-2004 to ascertain the interlinkage between a monetary policy shock and industry value added. Accordingly, we first estimate a Vector Auto Regression (VAR) model to ascertain the magnitude of a monetary policy shock on industrial...
Persistent link: https://www.econbiz.de/10005089330
The influence of monetary policy upon real output and the inflation rate is well established. The influence is exercised through the transmission mechanism of monetary policy. This study has examined the pass-through of Treasury Bill rate to money market rate (Call Money rate), Banks’ Deposit...
Persistent link: https://www.econbiz.de/10005836213
A key problem facing monetary policy makers is determining whether serious financial instability is present. Periods of financial instability are linked with low investors’ risk appetite (or in other words high risk aversion). Two different measures of investors’ risk aversion are used: (a)...
Persistent link: https://www.econbiz.de/10008680305
Understanding how monetary policy decisions affect inflation and other economic variables is particularly important. In this paper we consider the implications of monetary policy under inflation targeting regime in Romania based on a vector autoregressive method including recursive VAR and...
Persistent link: https://www.econbiz.de/10011113575
This study explores how monetary policy changes flow through the banking sector in Australia. Drawing on data between 2004 and 2010, we divide banks into three groups according to their size, and examine the impact of cash rate change on lending of different types of loans. We found the response...
Persistent link: https://www.econbiz.de/10011114058
The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...
Persistent link: https://www.econbiz.de/10011259086
The general aim of the paper is to address the doubts that too often the Central Banks’ tools and operations don’t fit for a fine tuning of the economies, and this is even more true in harsh times. The paper begins with an overview on the great failures respectively of the Federal Reserve,...
Persistent link: https://www.econbiz.de/10011259088
This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis. The development of these balances reflects the change in the distribution of the monetary base among the EMU Member States. During the sovereign debt crisis, while some countries, among...
Persistent link: https://www.econbiz.de/10011259805