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The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and...
Persistent link: https://www.econbiz.de/10005252522
This  article  empirically  examines  the  interest  rate  pass through  mechanism for Pakistan, using six month treasury bills as a proxy for the policy  rate (the exogenous variable) and the weighted average lending rate and weighted ...
Persistent link: https://www.econbiz.de/10010905767
The transmission channels of monetary policy are used by central banks to accomplish the main objective of price stability in the context of sustainable economic growth. The importance of interest rate and exchange rate channels for the emerging countries Romania, Poland, Czech Republic and...
Persistent link: https://www.econbiz.de/10010682803
The transmission channels of monetary policy are used by central banks to accomplish the main objective of price stability in the context of sustainable economic growth. The importance of interest rate and exchange rate channels for the emerging countries Romania, Poland, Czech Republic and...
Persistent link: https://www.econbiz.de/10011079810
We use high-frequency intraday interest rate data to measure euro area monetary policy shocks on the days of ECB interest rate announcements between 2002 and 2013. In line with Gürkaynak et al. (2005), we look at monetary policy shocks along two time dimensions: one related to the current level...
Persistent link: https://www.econbiz.de/10010938544
Persistent link: https://www.econbiz.de/10001533450
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
Persistent link: https://www.econbiz.de/10004080989
Persistent link: https://www.econbiz.de/10009586448
Many surveys of the ECB's monetary framework emphasize the inability of financial markets to correctly predict monetary policy decisions. At the same time, these surveys of financial market participants have given relatively high marks to the United States Federal Reserve and the Bank of England...
Persistent link: https://www.econbiz.de/10005826296