This paper examines monetary transmission in Jordan using the vector autoregressive approach. We find that the real 3-month CD rate, the Central Bank's operating target, affects bank retail rates and that monetary policy, measured by the spread between the 3-month CD rate and the U.S. Federal...

Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic impact on conflict and neighboring economies. The paper found that conflicts led to a contraction in growth, higher inflation, large fiscal and current account deficits, loss of...

Intro -- Contents -- I. INTRODUCTION -- II. CHANNELS OF MONETARY TRANSMISSION -- III. CONDUCT OF MONETARY POLICY IN JORDAN -- IV. EVIDENCE FROM VARS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- IMPULSE RESPONSES -- GRANGER CAUSALITY TESTS SUMMARY -- REFERENCES.