Kutu, Adebayo Augustine; Ngalawa, Harold - In: Spoudai : journal of economics and business 66 (2016) 3, pp. 3-24
This study employs a Panel Structural Vector Autoregressive model (P - SVAR) to investigate how monetary policy shocks affect industrial output in BRICS countries using monthly data for the period 1994:1 to 2013:12. A nine variable P - SVAR with short-run restrictions among the variables is...