izpis_h1_title_alt

Is monetary policy effective when credit is low?
Saizar, Carolina (Avtor), Chalk, Nigel Andrew (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.imf.org/external/pubs/ft/wp/2008/wp08288.pdf Povezava se odpre v novem oknu

Izvleček
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 countries that have low levels of credit and where investment and consumption are not financed by borrowing in local currency. This paper employs a Panel Vector Auto Regression approach to examine the empirical evidence in a broad sample of emerging market countries. The data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be unrelated to the level of credit and that, instead, the willingness to allow exchange rate flexibility is a far more important determining factor.

Jezik:Angleški jezik
Ključne besede:monetarna politika, krediti, inflacija, efektivnost, ekonometrija, modeli, kalkulacije, monetary policy, credit, inflation, efficiency, econometrics, models, calculations
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2008
Založnik:International Monetary Fund
Št. strani:17 str.
Kraj:Washington (D.C.)
UDK:336
COBISS.SI-ID:18517222 Povezava se odpre v novem oknu
Število ogledov:1356
Število prenosov:289
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
Skupna ocena:(0 glasov)
Vaša ocena:Ocenjevanje je dovoljeno samo prijavljenim uporabnikom.
:
Objavi na:AddThis
AddThis uporablja piškotke, za katere potrebujemo vaše privoljenje.
Uredi privoljenje...

Podobna dela

Podobna dela v RUL:
Podobna dela v drugih slovenskih zbirkah:

Komentarji

Dodaj komentar

Za komentiranje se morate prijaviti.

Komentarji (0)
0 - 0 / 0
 
Ni komentarjev!

Nazaj