Showing 1 - 10 of 7,730
Persistent link: https://www.econbiz.de/10011891611
The asset price channel focuses on the relative prices of a wide range of assets in the transmission of monetary impulses on the financial and real capital markets. If monetary impulses are already fading on the financial markets, then their effectiveness in terms of economic policy targets has...
Persistent link: https://www.econbiz.de/10008633401
his paper reviews the literature on asymmetric monetary transmission within the European Monetary Union (EMU). At first, a stylized model is presented in order to highlight the importance of asymmetric monetary transmission for the decision-making of the European Central Bank (ECB). The...
Persistent link: https://www.econbiz.de/10008634430
Persistent link: https://www.econbiz.de/10012216282
Persistent link: https://www.econbiz.de/10013543305
Applying the VAR model and using the Treasury bill rate as a monetary policy tool, we find that in the long run, output …
Persistent link: https://www.econbiz.de/10011213282
-Asian crisis period. A factor-augmented VAR method is used to study the effectiveness of monetary policy instruments in stabilizing …
Persistent link: https://www.econbiz.de/10010665003
This study investigates the effect of exchange rate movements on real output growth in Nigeria. Based on quarterly series for the period 1986 to 2010, the paper examines the possible direct and indirect relationship between exchange rates and GDP growth. The relationship is derived in two ways...
Persistent link: https://www.econbiz.de/10011482559
(2003). Traditional approaches, such as vector auto regressive (VAR) models have not yielded satisfactory results because of … augmenting VAR model with factors summarizing the information of a vast data set that is used by central banks in monetary policy …
Persistent link: https://www.econbiz.de/10010836224
This study investigates the effect of exchange rate movements on real output growth in Nigeria. Based on quarterly series for the period 1986 to 2010, the paper examines the possible direct and indirect relationship between exchange rates and GDP growth. The relationship is derived in two ways...
Persistent link: https://www.econbiz.de/10011477465