real effects of monetary policy
Review over Empirical Evidence on Real Effects of Monetary Policy
... unexpected monetary policy shocks have an impact on economic activities, while systematic monetary policy actions are expected by economic agents and thus have no effect on the economy (see, ...
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Growth and real business cycles in Vietnam and the ASEAN 5 Does the trend shock matter?
... strong real effects of Vietnam’s proactive monetary policy in the past two decades, is consistent with the findings in Anwar and Nguyen ...Vietnamese monetary policy was unable ...
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Monetary Policy Effects in Output and Prices: Evidence for the Dominican Republic using a Structural VAR approach
... inflation, monetary aggregates and real exchange rate) are not available at one time, due to the lag of information 6 ; therefore they take the value of ...on real income, inflation and interest ...
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The macroeconomic effects of monetary policy and financial crisis
... the monetary au- thorities may react to movements in stock prices in order to stop bubbles from getting out of hand, or alternatively try to prop up the stock market following a crash through adopting an ...
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Real Balance Effects, Determinacy and Optimal Monetary Policy
... “passive” monetary policy, that is, a policy that underreacts to inflation by raising the nominal interest rate by less than the observed increase in inflation, is feasible also in the long run, ...
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THE EFFECTIVENESS OF MONETARY POLICY IN MANAGING INFLATION AND REAL GDP IN INDIA
... of monetary policy in managing inflation and real GDP in India using a multivariate modelling technique of the Vector Auto regression (VAR) and focusing on impact of broad money supply (M2), lending ...
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A structural VAR (SVAR) approach to cost channel of monetary policy
... of monetary policy instrument, to real output and prices, has been an area of research, though it remained controversial, for a long period of ...side effects of monetary policy ...
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Identifying the Effects of Monetary Policy Shock on Output and Prices in Thailand
... of real GDP, the log of CPI and the log of policy rate at time t, e t is the 3 dimensional vector of structural innovations, which is identically and independently distributed with mean of zero and positive ...
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Effects of monetary policy in Romania A VAR approach
... the real sector (GDP and prices) to monetary sector shocks (M2, interest rates and exchange ...of monetary policy shocks, M2 and exchange rate on production and ...to monetary aggregate ...
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Openness and the Effects of Monetary Policy in Africa
... stabilization, monetary policy is important for the purpose of influencing the direction of economic ...various monetary transmission channels, monetary authorities can use monetary ...
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A BOUND TEST ANALYSIS OF THE EFFECTS OF GLOBAL ECONOMIC SHOCKS ON NIGERIAN ECONOMY:
... adverse effects on the real economic activities of many developing ...Nigerian real GDP growth rate decline from ...negative effects of such snowballing, many countries especially developing ...
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The transmission of monetary policy shocks
... Tight monetary policy depresses real activity and reduces ...peak effects often realised within the first year following the ...peak effects realised after two ...both real and ...
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Interactions between House Prices, Stock Prices and Monetary Policy—Using Recursive VAR
... for monetary policy ...having real negative effects. A report by the International Monetary Fund [2] noted that monetary policy-makers should pay more attention to the ...
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Financial markets, monetary policy, and the real economy
... regulator’s policy choices, we solve numerically for an initial ...system-wide effects determine prices, interest rates and real ...the real world is heterogeneous; agents and banks are not ...
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THE EFFECTIVENESS OF MONETARY POLICY IN MANAGING INFLATION AND REAL GDP IN GHANA
... of monetary policy in managing inflation and real GDP in Ghana using a multivariate modeling technique of the Vector Autoregression (VAR) and focusing on impact of broad money supply (M2), lending ...
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Financial development in Africa a critical examination
... The following four main findings are established by Asongu (2013c). The analysis highlights the following four primary findings. First, a significant long-term equilibrium exists between financial dynamics and inflation. ...
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Real and Monetary Policy Convergence: EMU Crisis to the CFA Zone
... International Monetary Fund(IMF)which include financial liberalization for the most ...the monetary zone adjusts when there is a shock in the other has ...
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Iran: Past, Present and the Future
... the monetary base and money supply (discussed below), and therefore in aggregate ...door policy was ineffective because of the inability of importers to bring their merchandise into the country due to ...
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Real Interest Rates, Bubbles and Monetary Policy in the GCC countries
... the real money market rate and real house price change (the correlation is ...average real interest rate r t < 0 , and average inflation π t was ...
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Monetary Policy and Bank Hetrogeneity: Effectiveness of Bank Lending Channel in Pakistan
... It is interesting to note, the contrast between the two sets of statistics when the banks are grouped as per Capitalization 1 and Capitalization 2. Least capitalized banks, as per Capitalization 1, are those with highest ...
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