Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies

Released on by Ms.Sanchita Mukherjee
preview-18

  • Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies Book Detail

  • Author : Ms.Sanchita Mukherjee
  • Release Date : 2011-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 29
  • ISBN 13 : 1463921292
  • File Size : 99,99 MB
DOWNLOAD BOOK

Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies by Ms.Sanchita Mukherjee PDF Summary

Book Description: In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in the MENA region and compare it with fourteen inflation targeting (IT) emerging market economies (EMEs) using panel data analysis. Contrary to some existing studies, our empirical results suggest that private consumption and investment in both groups of countries are sensitive to movements in real interest rates. Moreover, we find that the adoption of IT did not significantly alter the operation of the interest rate channel in IT EMEs. Also, the interest rate elasticities of private consumption and private investment vary with the level of development of the domestic financial market. Finally, capital account liberalization have opposite effects on private consumption and private investment in the two groups of countries.

Disclaimer: www.yourbookbest.com does not own Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Inflation Targeting in Practice

Inflation Targeting in Practice

File Size : 33,33 MB
Total View : 9610 Views
DOWNLOAD

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in s