Ivrendi, Mehmet; Yildirim, Zekeriya - Institut für Weltwirtschaft (IfW) - 2013
domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …This paper investigates both the effects of domestic monetary policy and external shocks on fundamental macroeconomic … variables in six fast growing emerging economies: Brazil, Russia, India, China, South Africa and Turkey - denoted hereafter as …