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Notwithstanding the Ukrainian banking system's resilience under war, there are devaluation and inflation pressures. In turn, monetary policy is found to be vital to combat drastic GDP decline and FX reserve depletion. In an attempt to examine the effectiveness of Ukraine’s monetary policy, the...
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In this paper, I apply three methods to estimate the output gap for Vietnam to support the conduct of monetary policy … the estimation of the output gap for the State Bank of Vietnam. For the Bayesian approach, my paper closedly relies on the … paper of Tim Willems (2011) with some modifications to fit the situation of Vietnam. The output gap estimated by Bayesian …
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