Zakir, Nadia; Malik, Wasim Shahid - In: Economic Modelling 32 (2013) C, pp. 1-9
This research mainly investigates whether the response of output to monetary policy actions is symmetric or not. We … test all the three main forms of asymmetries in the impact of monetary policy discussed in the literature so far. Also, we … effects of monetary policy actions on output. Our results indicate that monetary policy actions seem ineffective in periods of …