Monetary Transmission Mechanism in the East African Community is popular PDF and ePub book, written by Mr.Hamid Reza Davoodi in 2013-02-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Monetary Transmission Mechanism in the East African Community can be Read Online from any device for your convenience.
Monetary Transmission Mechanism in the East African Community Book PDF Summary
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.
Detail Book of Monetary Transmission Mechanism in the East African Community PDF
- Author : Mr.Hamid Reza Davoodi
- Release : 06 February 2013
- Publisher : International Monetary Fund
- ISBN : 9781475530575
- Genre : Business & Economics
- Total Page : 59 pages
- Language : English
- PDF File Size : 13,6 Mb
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