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مجلة الدراسات الاجتماعية, 2019 The study attempted to analyze and evaluate the performance of monetary and fiscal policy for the period 2000-2014 and its effectiveness in increasing economic growth using the descriptive analytical and econometrics approach. The study also attempted to
Prof. Dr. Mohammed Ahmed Al-Hawri
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DO MONETARY AGGREGATES BELONG IN A MONETARY MODEL? EVIDENCE FROM THE UK
Buletin Ekonomi Moneter dan Perbankan, 2020 Conventional monetary models focus on interest rates and omit monetary aggregates from policy discussions. This paper examines whether augmenting the measure of monetary policy with monetary aggregates helps determine more robust links between policy and
Mehmet Ezer
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Cogent Economics & Finance, 2022 Understanding the monetary policy transmission mechanism is pivotal for the design of an effective monetary policy. In this regard, the coexistence of interest rate and cost channel of monetary policy has raised important implications for the conduct of ...
Madiha Munir +2 more
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Modeling Monetary Economies: An Equivalence Result [PDF]
SSRN Electronic Journal, 2013 We present a thought-provoking study of two monetary models: the cash-in-advance and the Lagos and Wright (2005) models. The different approaches to modeling money—reduced-form vs. explicit role—neither induce fundamental theoretical nor quantitative differences in results. Given conformity of preferences, technologies and shocks, both models reduce to
Camera, Gabriele, Chien, YiLi
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International Journal of Engineering Business Management, 2018 Large body of empirical literature points to the tight integration of financial and credit markets with real economic activity as well as the need for inclusion of financial frictions into macroeconomic modelling.
Irena Palić
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Two Monetary Models with Alternating Markets [PDF]
SSRN Electronic Journal, 2013 We present a thought‐provoking study of two monetary models: the cash‐in‐advance and the Lagos and Wright () models. The different approaches to modeling money—reduced form versus explicit role—induce neither fundamental theoretical nor quantitative differences in results. Given conformity of preferences, technologies, and shocks, both models reduce to
CAMERA, GABRIELE, Chien, Yili
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Macroeconomic Modeling for Monetary Policy Evaluation [PDF]
SSRN Electronic Journal, 2007 We describe some of the main features of the recent vintage of macroeconomic models used for monetary policy evaluation. We point to some of the key differences with respect to the earlier generation of macro models and highlight the insights for policy that these new frameworks have to offer.
Jordi Galí, Mark Gertler
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The Monetary Model of Exchange Rate Determination for South Africa
EconomiesThe disconnect between the exchange rate and its macroeconomic fundamentals has been extensively discussed in the literature. It nonetheless continues to pose theoretical and empirical challenges in the literature.
Simiso Msomi, Harold Ngalawa
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Monetary Union and Central Bank Independence [PDF]
, 2006 We study the consequences of forming a monetary union among a group of countries where the central banks lack independence and are pressured frequently to accommodate government objectives. This is a common situation in the developing countries. As it is
Neven T. Valev, Steven Buigut
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DSGE Models for Monetary Policy Analysis [PDF]
SSRN Electronic Journal, 2010 Monetary DSGE models are widely used because they fit the data well and can be used to address important monetary policy questions. We provide a selective review of these developments. Policy analysis with DSGE models requires using data to assign numerical values to model parameters.
Lawrence J. Christiano +2 more
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