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This paper applied the panel VAR approach and the Impulse Response Functions to investigate the differences in the …
Persistent link: https://www.econbiz.de/10013400126
literature, using a sample of 30 sub-Saharan African (SSA) countries. The study applies a dynamic panel estimation to examine the … special role of financial liberalization and banking crises on economic growth in SSA. The linear generalized method of … countries in sub-Saharan Africa will affect the relative impact of financial liberalization in SSA. Our findings indicate that …
Persistent link: https://www.econbiz.de/10011882480
This paper investigates the disaggregated effects of monetary policy shocks on the output of 24 sectors of the UK economy. The paper's principal aim is to provide stylised facts about the sectoral responses to unexpected changes in monetary policy and to help assess how monetary policy...
Persistent link: https://www.econbiz.de/10014064147
This paper is on monetary policy transmission. First, it asks the question whether industries are affected differently by monetary policy shocks. Here both output and price effects are compared. Second, some industry characteristics are explored which may help to understand the existence of...
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We study how monetary policy should respond to shocks which permanently alter the steady state structure of the economy. In such a case monetary policy affects not only the short run misallocations due to nominal rigidities, but also relative prices which stimulate reallocation of capital. We...
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