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projections from central banks in three small open economies; New Zealand, Norway, and Sweden, and analyze if revisions to these … forward guidance matter. Using a VAR identified with external instruments based on forecast errors from the predictive …
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projections from central banks in three small open economies; New Zealand, Norway, and Sweden, and analyze if revisions to these … forward guidance matter. Using a VAR identified with external instruments based on forecast errors from the predictive …
Persistent link: https://www.econbiz.de/10012965225
Persistent link: https://www.econbiz.de/10001325182
Persistent link: https://www.econbiz.de/10000952518
To determine the relative importance of both the domestic and external influences on monetary policy formulation, this paper constructs a broad monetary conditions index for Nigeria. It brings together the three key channels of monetary transmission, namely interest rate, exchange rate and...
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