COCRIŞ, Vasile; NUCU, Anca Elena - In: Theoretical and Applied Economics XVIII(2013) (2013) 2(579), pp. 37-50
The purpose of our paper is to evaluate the effectiveness of monetary policy transmission mechanism in Romania, via interest rate channel. Using a Vector Error Correction Model and impulse response analysis, we study the impact of a positive monetary policy shock via short term interest rate on...