Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries »
Series: IMF Working Papers
Author(s): Serhan Cevik , and Katerina Teksoz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2012
Keywords: Monetary policy transmission, credit channel, structural VAR, monetary transmission, aggregate demand, monetary shocks, Model Construction and Estimation, Monetary Policy, Central Banking, and the Supply of Money and Credit: General
This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the in...