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VAR meets DSGE; Uncovering the Monetary Transmission Mechanism in Low-Income Countries. (2016). Montiel, Peter ; Berg, Andrew ; Adam, Christopher S ; O'Connell, Stephen A ; Li, Bin Grace.
In: IMF Working Papers.
RePEc:imf:imfwpa:2016/090.

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Cited: 4

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  1. Monetary policy and exchange rate regime in tourist islands. (2022). Prez-Granja, Ubay ; Inchausti-Sintes, Federico.
    In: Tourism Economics.
    RePEc:sae:toueco:v:28:y:2022:i:2:p:325-348.

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  2. Monetary policy and its transmission channels: Evidence from China. (2021). Ni, Jinlan ; Zhan, Minghua ; Xu, Yueli ; Li, Huan.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:68:y:2021:i:c:s0927538x21001281.

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  3. Macroeconomic Policies and Transmission Dynamics in India. (2018). Kapur, Muneesh.
    In: MPRA Paper.
    RePEc:pra:mprapa:88566.

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  4. The low sensibility of monetary transmission mechanism in low-income countries. (2018). Klishchuk, O.
    In: Economy and Forecasting.
    RePEc:eip:journl:y:2018:i:4:p:129-150.

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References

References cited by this document

  1. Abuka, Charles, Ronnie K. Alinda, Camelia Minoiu, Jose-Luis Peydro and Andrea F. Presbitero (2015),“Monetary Policy in a Developing Country: Loan Applications and Real Effects”, IMF Working Paper No. 15/270.

  2. Andrle, Michal, Andrew Berg, Enrico Berkes, R. Armando Morales, Rafael Portillo, and Jan Vlček (2013) “Money Targeting in a Modern Forecasting and Policy Analysis System: an Application to Kenya” IMF Working Paper WP/13/239, November.

  3. Andrle, Michal, Andrew Berg, R. Armando Morales, Rafael Portillo, and Jan Vlcek, (2015), “On the Sources of Inflation in Kenya: A Model-Based Approach”, South African Journal of Economics, Vol 83, Issue 4, December.

  4. Baldini, Alfredo, Jaromir Benes, Andrew Berg, Mai C. Dao, and Rafael Portillo (2015), “Monetary Policy in Low-Income Countries in the Face of the Global Crisis: A Structural Analysis”, Pacific Economic Review, Volume 20, Issue 1, pages 149-192.

  5. Batini, Nicoletta and Douglas Laxton, 2007, “Under What Conditions Can Inflation Targeting be Adopted? The Experience of Emerging Marketst,” Central Banking, Analysis, and Economic Policies Book Series 11: pp. 467-506.

  6. Benes, Mirek, Jaromir Hurnik, and David Vavra (2008), “Exchange Rate Management and Inflation Targeting: Modeling the Exchange Rate in Reduced-Form New Keynesian Models,” Czech Journal of Economics and Finance, Charles University Prague, Vol. 58(03-04), pages 166-194.

  7. Berg, Andrew, Rafael Portillo and D. Filiz Unsal (2010) “On the Optimal Adherence to Money Targets in a New-Keynesian Framework: An Application to Low-Income Countries” IMF Working Paper WP/10/134, June Berg, Andrew, Luisa Charry, Rafael A. Portillo, and Jan Vlcek (2013) “The Monetary Transmission Mechanism in the Tropics: A Narrative Approach” IMF Working Paper WP/13/197, September Berg, Andrew, Philippe D. Karam and Douglas Laxton (2006) “A Practical Model-Based Approach to Monetary Policy Analysis” IMF Working Paper WP/06/80, March.

  8. Berg, Andrew, Stephen O’Connell, Catherine Pattillo, Rafael Portillo, and Filiz Unsal, 2015, “Monetary Policy Issues in Sub-Saharan Africa”, in Monga, Celistin and Justin Yifu Lin, Eds., The Oxford Handbook of Africa and Economics: Volume 2: Policies and Practices, Oxford.

  9. Boughton, James M. and George S. Tavlas, 1991, “What Have We Learned about Estimating the Demand for Money? A Multicountry Evaluation of Some New Approaches,”, IMF Working Papers 91/16, International Monetary Fund.

  10. Christiano, Lawrence J. Martin Eichenbaum, and Charles L. Evans (1999) “Monetary Policy Shocks: What Have We Learned?” In John B. Taylor and Michael Woodford, eds, Handbook of Macroeconomics, Vol 1A (Amsterdam: North Holland) Christiano, Lawrence J., Martin Eichenbaum, and Charles L. Evans (2005) “Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy” Journal of Political Economy 113(1): February: 1-45 Faust, Jon and John Rogers, 2003, “Monetary Policy’s Role in Exchange Rate Behavior”, Journal of Monetary Economics, Volume 50, Issue 7. October.

  11. Favero, Carlo A. (2001) Applied Macroeconometrics (Oxford: Oxford University Press) Fernandez-Villaverde, Jesus, Juan Ff. Rubio-Ramirez, Thomas J. Sargent, and Mark W. Watson (2005) “ABCs (and Ds) of Understanding VARs” American Economic Review 97(3): 1021-1026 Hamilton, James D. (1994) Time Series Analysis (Princeton: Princeton University Press) Leeper, Eric. M., and David B. Gordon, 1992, “In Search of the Liquidity Effect,” Journal of Monetary Economics, Vol. 29(3), pp. 341-369.
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  12. IMF, 2015, Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries, Washington: International Monetary Fund.
    Paper not yet in RePEc: Add citation now
  13. Jerven, Morten (2013) Poor Numbers: How We are Misled by African Development Statistics and What to do about it. Ithaca, N.Y. Cornell University Press.
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  14. Kim, Soyoung and Nouriel Roubini (2000) “Exchange Rate Anomalies in the Industrial Countries: A Solution with a Structural VAR Approach” Journal of Monetary Economics 45: 561-586 Ley, Eduardo. and Florian Misch (2014) “Output data revisions in Low-Income Countries”, conference presentation, IMF-DFID conference on Macroeconomic Challenges Facing Low-Income Countries: New Perspective Washington DC (Jan 2014).

  15. Levin, Andrew T., 2014, “The Design and Communication of Systematic Monetary Policy Strategies,” Journal of Economic Dynamics and Control, Vol 49, pp. 52-69.

  16. Li, Bin Grace (2008) “Evaluating Structural Vector Autoregression Models in Monetary Economies”, University of Chicago, Manuscript.
    Paper not yet in RePEc: Add citation now
  17. Mbowe, Wilfred (2012) “The Bank Lending Channel of Monetary Policy Transmission: Dynamic BankLevel Panel Data Analysis on Tanzania” Bank of Tanzania, August 3 Mishra, Prachi and Peter Montiel (2013) “How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence” Economic Systems.

  18. Mishra, Prachi, Peter J. Montiel, and Antonio Spilimbergo (2012) “Monetary Transmission in Low-Income Countries: Effectiveness and Policy Implications,” IMF Economic Review.

  19. Mishra, Prachi, Peter Montiel, Peter Pedroni, and Antonio Spilimbergo (2014), “Monetary Policy and Bank Lending Rates in Low-Income Countries: Heterogeneous Panel Estimates,” Journal of Development Economics.

  20. Nelson, Edward, 2002, “Direct Effects of Base Money on Aggregate Demand: Theory and Evidence,”Journal of Monetary Economics, Vol 49(4), May, pp. 687-708.

  21. Peiris, Shanaka J. and Magnus Saxegaard (2007) “An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries,” IMF Working Paper WP/07/282, December Sims, Christopher, 1992, “Interpreting the Macroeconomic Time Series Facts: The Effects of Monetary Policy,” European Economic Review 36, No. 5: pp. 975-1000.

  22. Sims, Christopher and Tao Zha (2006) “Does Monetary Policy Generate Recessions?” Macroeconomic Dynamics 10: 231-247 Summers, Lawrence H., 1991, “The Scientific Illusion in Empirical Macroeconomics,” The Scandinavian Journal of Economics, pp. 129-148.

  23. Waggoner, Daniel and Tao Zha (2003) “A Gibbs sampler for structural vector autoregressions” Journal of Economic Dynamics and Control 28(2): 349-366.

  24. Walker, Sebastien, E.J. (2011) “The Transmission of Monetary Policy in Countries of the East African Community”, M.Phil. thesis, Department of Economics, University of Oxford.
    Paper not yet in RePEc: Add citation now
  25. Woodford, Michael (2001) “Monetary Policy in the Information Economy” in Economic Policy for the Information Economy: Proceedings of the Federal Reserve Bank of Kansas City Annual Symposium Conference Jackson Hole, Wyoming, August 30 – September 1: 297-370. 2 4 6 8 10 12 14 -2 -1 response of interest rate to monetary policy shock 2 4 6 8 10 12 14 -1.5 -1 -0.5 0.5 response of output gap to monetary policy shock 2 4 6 8 10 12 14 -1 -0.5 0.5 1.5 response of real effective exchange rate to monetary policy shock

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  2. Alternative monetary-policy instruments and limited credibility: An exploration. (2022). Garcia Cicco, Javier ; Garcia-Cicco, Javier.
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  4. Alternative monetary-policy instruments and limited credibility: an exploration. (2022). Garcia-Cicco, Javier.
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  5. Alternative Monetary-Policy Instruments and Limited Credibility: An Exploration. (2022). Garcia Cicco, Javier ; Garcia-Cicco, Javier.
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  6. Economic uncertainty, precautionary motive and the augmented form of money demand function. (2019). Gan, Pei-Tha.
    In: Evolutionary and Institutional Economics Review.
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  7. Monetary Policy, Growth and Employment in Developing Areas: A Review of the Literature. (2019). Junankar, Pramod (Raja).
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  8. Analysis of Agricultural Commodities Prices with New Bayesian Model Combination Schemes. (2019). Drachal, Krzysztof.
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  9. Determinants of Nominal Effective Exchange Rate in Uganda (2000-2017): A Vecm Approach. (2018). Nakijoba, Sawuya.
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  10. Structural Quarterly Projection Model for Belarus. (2018). Vlcek, Jan ; Pranovich, Mikhail ; Musil, Karel.
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  11. Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil. (2017). Tonzer, Lena ; Ossandon Busch, Matias ; Becker, Christian.
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  12. Effects of Monetary Policy. (2017). Babecký, Jan ; Kubicova, Ivana ; Bruha, Jan ; Hajkova, Dana ; Aliyev, Ruslan ; Vlcek, Jan ; Trajcev, Ljubica ; Polansky, Jiri ; Hledik, Tibor ; Djukic, Mirko ; Havranek, Tomas ; Hampl, Mojmir ; Tonner, Jaromir.
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    In: IMF Working Papers.
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