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Monetary Transmission Mechanism in the East African Community High quality books

Monetary Transmission Mechanism in the East African Community
By:Mr. Hamid Reza Davoodi,Mr. S. V. S. Dixit,Gabor Pinter
Published on 2013-02-06 by International Monetary Fund

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.

This Book was ranked at 14 by Google Books for keyword Credit channel.

Book ID of Monetary Transmission Mechanism in the East African Community's Books is 9rFbM9GYiVIC, Book which was written byMr. Hamid Reza Davoodi,Mr. S. V. S. Dixit,Gabor Pinterhave ETAG "Djz4q2nQVqE"

Book which was published by International Monetary Fund since 2013-02-06 have ISBNs, ISBN 13 Code is 9781475553499 and ISBN 10 Code is 1475553498

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