VAR-Ing Monetary Policy in Poland
نویسندگان
چکیده
منابع مشابه
Factor-augmented VAR analysis of the monetary policy in China
Article history: Received 1 July 2010 Received in revised form 6 March 2013 Accepted 6 March 2013 Available online 16 March 2013 We investigate the transmission mechanism of monetary policy in China over the past decades with emphasis on the post-Asian crisis period. A factor-augmented VAR method is used to study the effectiveness of monetary policy instruments in stabilizing the Chinese econom...
متن کاملMeasuring monetary policy with VAR models: An evaluation
This paper evaluates VAR models designed to analyse the monetary policy transmission mechanism in the United States by considering three issues: specification, identification, and the effect of the omission of the long-term interest rate. Specification analysis suggests that only VAR models estimated on a single monetary regime feature parameters stability and do not show signs of mis-specifica...
متن کاملAdvanced Monetary Economics Notes on VAR modelling for monetary policy analysis
Univariate autoregressive (AR) models can be extended to the multivariate case to study dynamic interrelationships among several variables, all viewed as endogenous. The resulting vector autoregression (V AR) models describe the evolution over time of a vector of n variables yt = (y1t y2t...ynt)0 as a function of its past realizations yt−1,yt−2, ... and a vector of stochastic terms ut = (u1t u2...
متن کاملThe Relationship between Monetary Policy, Inflationary Environment and Deposits in Banks of Iran (Panel VAR Analysis)
The relationship between monetary policy shocks and total deposits of banks is one of the main important issues in monetary economics and banking literature and has been considered empirically in recent years. Hence, the main aim of this paper is to evaluate the relationship between these variables by applying the PVAR approach for 23 private and governmental banks during 2008-2018. For achievi...
متن کاملMonetary Aggregates and Monetary Policy
This is a special conference for the Federal Reserve Bank of Boston, and for me personally. The role of monetary aggregates in monetary policy was intensely controversial when I joined the staff of the Board of Governors in May 1969. I was immediately asked to join the staff of the newly formed FOMC Committee on the Directive. Governor Sherman Maisel chaired that committee; the other two member...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.1446726