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The importance of credit in the monetary transmission mechanism has recently attained a lot of attention due to a growing understanding that credit market imperfections can have an impact on the monetary policy effectiveness. In this study, using Vector Error Correction Models (VECMs) and...
Persistent link: https://www.econbiz.de/10011689932
in US. Using cointegration techniques we search for equilibrium relationships between the real interest rate, monetary …
Persistent link: https://www.econbiz.de/10012263493
Persistent link: https://www.econbiz.de/10012661603
disposable income are checked for cointegration to see whether there is a short-run (SR) adjustment towards the long-run (LR …
Persistent link: https://www.econbiz.de/10012034753