asymmetric effects of monetary shocks on output
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منابع مشابه
Investigating the asymmetric impact of monetary shocks on bank credits during business periods: (Serious Keynesian Perspective Test)
Monetary policy is one way of controlling economic fluctuations, and in recent years, developing countries (including Iran) have been particularly concerned with policymaking. For this reason, it is necessary to consider how these policies will affect the Iranian economy and its variables. It should also be examined whether the existence of inflationary conditions in the Iranian economy can hav...
متن کاملMonetary shocks and asymmetric effects in an emerging stock market: The case of China
a r t i c l e i n f o JEL classification: C22 E44 F31 Keywords: Monetary shocks Asymmetric effects MSVAR–EGARCH In this paper, we study the effect of monetary shocks on the Chinese stock market over the period of 2005 to 2011 with the MSVAR–EGARCH model. The evidence suggests that Chinese monetary policies have significantly asymmetric effects on the stock market in different time periods and m...
متن کاملInternational Transmission Effects of Monetary Policy Shocks: Can Asymmetric Price Setting Explain the Stylized Facts?
How does an unexpected domestic monetary expansion affect the foreign economy? Does it induce an increase or a decline in foreign production? In the traditional two-country Mundell-Fleming model, monetary policy has «beggar-thy-neighbor» effects. Yet, empirical evidence from VARs indicates that U.S. monetary policy has positive international transmission effects on both foreign (non-U.S. G-7) o...
متن کاملForeign Price Shocks and Monetary Policy in an Asymmetric Monetary Union
This paper analyzes the dynamic effects of anticipated and unanticipated foreign price increases of imported raw materials for a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private absorption. It is shown that both types of input price disturbances lead to temporary divergences in output dev...
متن کاملAre the Effects of Monetary Policy Asymmetric?
This paper focuses on whether monetary policy has asymmetric effects. By building on the Markov switching model introduced by Hamilton (1989), we examine questions like: Does monetary policy have the same effect regardless of the current phase of economic fluctuations? Given that the economy is currently in a recession, does a fall in interest rates increase the probability of an expansion? Doe...
متن کاملمدل سازی هوشمند اثرات نامتقارن شوک های پولی بر تولید در اقتصاد ایران(کاربردی از شبکه های عصبی مصنوعی)
Monetary shocks are one of the control tools in economic systems. A true perception of these shocks on economic systems can lead us to a suitable policy. In this paper, the impact of monetary shocks on output in Iran has been modeled and investigated using artificial neural networks. We investigated positive and negative shocks separately and confirmed asymmetric effect of these shocks. In addi...
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عنوان ژورنال:
پژوهش های اقتصادی ایرانجلد ۳، شماره شماره ۹ (پاییز و زمستان ۱۳۸۰)، صفحات ۱۳-۴۱
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