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Is the monetary policy rate effective? : recent evidence from Ghana

Akosah, Nana K. - 2015

We examine the effectiveness of monetary policy transmission mechanism in Ghana using several of statistical and econometric techniques for the period 2002M1 - 2014M12. We find monetary policy rate (MPR) to be quite effective in signaling the money market interest rates in both the short run and...

Persistent link: https://www.econbiz.de/10011326532

Effectiveness of monetary transmission and the impact of inflation targeting strategy : evidence from emerging market economies

Abbas, Syed Zia; Iftikhar, Syed Faizan; Alam, Shaista - In: Pakistan journal of applied economics : PJAE 30 (2020) 1, pp. 123-136

The objective of this paper isto investigate the impact of inflation targeting strategy on monetary policy transmission mechanism by estimating the impact of deposit rate on consumption to GDP ratio in emerging market economies. The study considers sixteen years of annual data from 2001 to 2016...

Persistent link: https://www.econbiz.de/10012813914

The role of energy price shocks in the transmission of monetary policy in an inflation targeting country : the case of Ghana

Harvey, Simon Kwadzogah; Walley, Bernard Jagre - 2022

Persistent link: https://www.econbiz.de/10013327178

Credit market distortions, asset prices and monetary policy

Pfajfar, Damjan; Santoro, Emiliano - In: Macroeconomic dynamics 18 (2014) 3, pp. 631-650

Persistent link: https://www.econbiz.de/10010356699

Monetary policy transmission in emerging markets and developing economies

Brandao Marques, Luis; Gelos, Gaston; Harjes, Thomas; … - 2020

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often...