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Loading... Unraveling the Monetary Policy Transmission Mechanism in Sri Lankaby Manuk Ghazanchyan
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In this paper we examine the channels through which innovations to policy variables- policy rates or monetary aggregates-affect such macroeconomic variables as output and inflation in Sri Lanka. The effectiveness of monetary policy instruments is judged through the prism of conventional policy channels (money/interest rate, bank lending, exchange rate and asset price channels) in VAR models. The timing and magnitude of these effects are assessed using impulse response functions, and through the pass-through coefficients from policy to money market and lending rates. Our results show that (i) t No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)332.09549Social sciences Economics Finance Biography And History AsiaLC ClassificationRatingAverage: No ratings.Is this you?Become a LibraryThing Author. |