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The Real Effects of Monetary Policy in the European Union

The Real Effects of Monetary Policy in the European Union »

Source: The Real Effects of Monetary Policy in the European Union : What Are the Differences?

Volume/Issue: 1997/160

Series: IMF Working Papers

Author(s): Ramana Ramaswamy , and Torsten Sloek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

ISBN: 9781451857719

Keywords: EMU, monetary transmission mechanism, monetary shock, monetary transmission, transmission of monetary policy

The main finding of this paper is that the European Union (EU) countries fall into two broad groups according to the effects of monetary policy adjustments on economic activity. Estimates based on a vector autoregr...

Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting

Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting »

Source: Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting : The Case of France

Volume/Issue: 1997/44

Series: IMF Working Papers

Author(s): Joaquim Levy , and Ioannis Halikias

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

ISBN: 9781451974751

Keywords: Monetary Policy Transmission, EMU, monetary transmission, monetary transmission mechanism, monetary authorities, aggregate demand

This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are decomposed into external and domestic components, and a nonrecursive contemporaneous structure is...

Is Monetary Policy Effective When Credit is Low?

Is Monetary Policy Effective When Credit is Low? »

Source: Is Monetary Policy Effective When Credit is Low?

Volume/Issue: 2008/288

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871463

Keywords: Vector Auto Regression, price inflation, monetary transmission, monetary transmission mechanism,

Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in c...

Sudan: Selected Issues

Sudan: Selected Issues »

Source: Sudan : Selected Issues

Volume/Issue: 2013/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2013

ISBN: 9781484305430

Keywords: inflation, monetary policy, monetary transmission, central bank

This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes t...

Sudan: Selected Issues

Sudan: Selected Issues »

Source: Sudan : Selected Issues

Volume/Issue: 2013/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2013

ISBN: 9781484305430

Keywords: inflation, monetary policy, monetary transmission, central bank

This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes t...

Sudan: Selected Issues

Sudan: Selected Issues »

Source: Sudan : Selected Issues

Volume/Issue: 2013/320

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2013

ISBN: 9781484305430

Keywords: inflation, monetary policy, monetary transmission, central bank

This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes t...

A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism

A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism »

Source: A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism : How Does the Central Bank's REPO Rate Affect the Economy?

Volume/Issue: 2006/300

Series: IMF Working Papers

Author(s): Kevin Cheng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865608

Keywords: inflation, money stock, monetary stance, monetary transmission

This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997-2005. Based on techniques commonly used in the vector autoregres...

A Peek Inside the Black Box

A Peek Inside the Black Box »

Source: A Peek Inside the Black Box : The Monetary Transmission Mechanism in Japan

Volume/Issue: 1999/137

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and James Morsink

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

ISBN: 9781451855890

Keywords: Monetary transmission mechanism, bank behavior, bank loans, monetary policy, monetary transmission, bank lending

This paper uses vector autoregressions to examine the monetary transmission mechanism in Japan. The empirical results indicate that both monetary policy and banks’ balance sheets are important sources of sho...

Monetary Policy Implementation and Volatility Transmission along the Yield Curve

Monetary Policy Implementation and Volatility Transmission along the Yield Curve »

Source: Monetary Policy Implementation and Volatility Transmission along the Yield Curve : The Case of Kenya

Volume/Issue: 2016/120

Series: IMF Working Papers

Author(s): Emre Alper , R. Morales , and Fan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2016

ISBN: 9781498313377

Keywords: Monetary policy implementation, inflation targeting, volatility transmission

This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which the monetary pol...

Inflation Targeting in Georgia

Inflation Targeting in Georgia »

Source: Inflation Targeting in Georgia : Are We There Yet?

Volume/Issue: 2007/193

Series: IMF Working Papers

Author(s): Giorgi Bakradze , and Andreas Billmeier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867572

Keywords: inflation, central bank, monetary transmission, foreign exchange

This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that several emerging markets have adopted recently. After reviewing selected prerequisites for successfu...