Results 31 to 40 of about 433,730 (200)
MONETARY TRANSMISSION OF PERSISTENT SHOCK TO THE RISK PREMIUM: THE CASE OF INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2011 This paper investigates the relative importance of monetary transmission channel to inflation of passing persistent shock to the risk premium. The findings show that nominal exchange rate depreciation, triggered by a more persistent shock to interest ...
Akhis R. Hutabarat
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Impact of monetary policy on the macroeconomy in Uzbekistan [PDF]
International Trade, Politics and DevelopmentPurposeThis study aims to examine the transmission mechanism of monetary policy in Uzbekistan, with a particular focus on the effectiveness and asymmetry of interest rate, exchange rate and credit channels.Design/methodology/approachThe analysis employs ...
Wenbo Wang, Mingguo Zhao
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Long Term Validity of Monetary Exchange Rate Model: Evidence from Turkey
Romanian Economic Journal, 2014 In this study, it was analyzed if there is a long term relationship among the nominal exchange rate and monetary fundamentals within the periods of 1998:1-2011:2 in Turkey. This relationship has been analysed by using structural VAR (SVAR) model. Besides,
Ugur Ahmet +2 more
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The Monetary Model of the Exchange Rate
, 1998 We emphasize the importance of properly identifying the long-run relations underlying the monetary model of the exchange rate. The separate estimation of long-run money demands leads to a “structural” error correction equation which allows an interpretation of the various channels affecting the exchange rate in the monetary model.
Moersch, Mathias, Nautz, Dieter
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Fiscal Shocks and the Exchange Rate in a Generalized Redux Model [PDF]
, 2015 This paper studies how the interaction between the monetary policy regime and the degree of home bias in public consumption affects the exchange- rate response to fiscal shocks in a generalized version of the Redux model of Obstfeld and Rogoff (1995). We
Basu +12 more
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A Monetary Model of the Exchange Rate with Informational Frictions [PDF]
SSRN Electronic Journal, 2007 Data for the U.S. and the Euro-area during the post-Bretton Woods period shows that nominal and real exchange rates are more volatile than consumption, very persistent, and highly correlated with each other. Standard models with nominal rigidities match reasonably well the volatility and persistence of the nominal exchange rate, but require an average ...
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Markov switching regimes in a monetary exchange rate model [PDF]
Economic Modelling, 2005 Abstract This paper extends the real interest differential (RID) model of Frankel [Am. Econ. Rev. 69 (1979) 610] by introducing Markov regime switches for three exchange rates, over the years 1973–2000. Evidence of a non-linear relationship between exchange rates and underlying fundamentals is provided.
Frömmel, Michael +2 more
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Monetary policy transmission mechanism in post-communist economies: Evidence from Uzbekistan
Central Bank ReviewThis study aims to evaluate the transmission mechanisms of monetary policy in a post-communist economy using structural vector autoregression (SVAR) model.
Elyor Davlatov, Judit Sági
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Does Monetary Policy Respond to Macroeconomic Shocks? Evidence from Indonesia
Jurnal Ekonomi & Studi Pembangunan, 2022 The activist policy is believed by policymakers and economists that monetary policy can respond to macroeconomic shocks to stabilize the economy. This study aims to find evidence and discuss the response of monetary policy to macroeconomic shocks.
Arintoko Arintoko, Nunik Kadarwati
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Exchange rate and interest rate distribution and volatility under the Portuguese target zone [PDF]
Panoeconomicus, 2010 The aim of this study is to analyse the exchange rate and interest rate distribution and volatility under the participation of the Portuguese economy in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) based on some of the main ...
Portugal Duarte António +2 more
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