Udeaja, Elias A. - In: West African journal of monetary and economic integration 20 (2020) 1A, pp. 66-81
This paper utilizes a modified structural VAR (SVAR-X) model to analyse the process of monetary policy reaction function in turbulent period compared to the period of tranquillity. The study finds that it is crucial to distinguish between the response of monetary policy to output growth and...