Coverart for item
The Resource Monetary transmission mechanism in the East African community : an empirical investigation, (electronic resource)

Monetary transmission mechanism in the East African community : an empirical investigation, (electronic resource)

Label
Monetary transmission mechanism in the East African community : an empirical investigation
Title
Monetary transmission mechanism in the East African community
Title remainder
an empirical investigation
Contributor
Subject
Language
eng
Summary
Annotation
Related
Cataloging source
CaPaEBR
LC call number
HG1338
LC item number
M66 2013eb
http://library.link/vocab/relatedWorkOrContributorName
  • Davoodi, Hamid
  • Dixit, Shiv
  • Pinter, Gabor
  • International Monetary Fund
  • ebrary, Inc
Series statement
IMF Working Papers
Series volume
Working Paper No. 13/39
http://library.link/vocab/subjectName
  • Monetary policy
  • Inflation (Finance)
  • Deflation (Finance)
Summary expansion
Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation--posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. the paper offers some suggestions for strengthening the MTM in the EAC
Label
Monetary transmission mechanism in the East African community : an empirical investigation, (electronic resource)
Instantiates
Publication
Control code
OCM1bookssj0001102862
Dimensions
unknown
Extent
58 p.
Isbn
9781475553499
Specific material designation
remote
System control number
(WaSeSS)ssj0001102862
Label
Monetary transmission mechanism in the East African community : an empirical investigation, (electronic resource)
Publication
Control code
OCM1bookssj0001102862
Dimensions
unknown
Extent
58 p.
Isbn
9781475553499
Specific material designation
remote
System control number
(WaSeSS)ssj0001102862

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