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The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …
Persistent link: https://www.econbiz.de/10010160677
Persistent link: https://www.econbiz.de/10010185467
The article aims at determining the inflation influence between Poland and selected EU member states. Although for some … time the general inflation level in those countries was definitely controllable, the problem seems to be returning. That is … determine inflation influences on Poland. The study confirmed the impact of the selected countries on Polish inflation …
Persistent link: https://www.econbiz.de/10010009393
major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …
Persistent link: https://www.econbiz.de/10010148062
Persistent link: https://www.econbiz.de/10010160661
using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from …
Persistent link: https://www.econbiz.de/10009958054
period 1970 to 2009. Applying popular time series econometric techniques of cointegration and vector error correction …
Persistent link: https://www.econbiz.de/10009958076
This paper presents an empirical analysis of the interactions among energy consumption, real income and energy price in Saudi Arabia using annual data from 1982 to 2007. We analyzed the dynamic interaction by applying widely used time series analysis techniques such as unit root tests, Vector...
Persistent link: https://www.econbiz.de/10009958475
Despite having accumulated physical and human capital at significant rates, Latin America's growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer distortions and government interventions....
Persistent link: https://www.econbiz.de/10009959072