scholarly journals Testing for the stability of money demand in Italy: has the Euro influenced the monetary transmission mechanism?

2011 ◽  
Vol 44 (24) ◽  
pp. 3121-3133 ◽  
Author(s):  
Salvatore Capasso ◽  
Oreste Napolitano
Keyword(s):  
Money Demand ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Monetary Transmission Mechanism ◽  
The Stability

The Stability Properties of Monetary Constitutions

2016 ◽  
Vol 22 (2) ◽  
Author(s):  
Pablo Paniagua
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Integral Property ◽  
Stability Properties ◽  
Monetary Transmission Mechanism ◽  
Monetary Neutrality ◽  
The Stability ◽  
Monetary Rules

AbstractThe financial crisis brought about a higher degree of monetary policy unpredictability. To anchor expectations and promote nominal stability, there is a need for predictable monetary rules or stable constitutions. This paper’s purpose is to define the general expectational properties that monetary constitutions should possess to work as coordination devices. I use Buchanan’s predictability criterion, as well as the expectational monetary transmission mechanism, to propose that monetary constitutions should be considered stable as long as they contain dynamics allowing self-reinforcing expectations of monetary neutrality. Self-reinforcement of expectations is an integral property of monetary constitutions for them to be agents of coordination and therefore stable. I find that these expectational properties are consistent with the stability properties established in the constitutional literature.

Analisis Sektor Pertambangan Dan Penggalian Melalui Jalur Kredit Dalam Mekanisme Transmisi Di Indonesia (Tahun 2002-2012)

2016 ◽  
Vol 1 (01) ◽  
pp. 68-75
Author(s):  
Regina Mayo
Keyword(s):  
High Technology ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Credit Channel ◽  
Estimation Technique ◽  
Working Capital ◽  
Monetary Transmission Mechanism ◽  
The Stability

This research analyzes the effectiveness of the credit channel in the monetary transmission mechanism in Indonesia with sectoral study. It is expected by using these credit channel, can indicate which sector contributes greatly to inflation and then handling the sector so there is not give a contribute significantly to inflation like the main purpose in the UU No. 3, 2004, 7 can be achieved, the stability of the rupiah, as reflected in low inflation and stable. The VECM estimation technique with research periods 2002-2012 covering  variables BI  rate, credit rates of  investment, credit  rates  of  working  capital,  sectoral  investment  credit sectoral working capital credit, sectoral of GDP and inflation. The result shows: sectoral working capital credit of mining and quarrying which effectively explains inflation, it is because this sector is capital solid with advanced equipment and high technology, it takes a lot of fund.

On the Monetary Transmission Mechanism in Europe / Zum Transmissionsmechanismus in Europa

1999 ◽  
Vol 219 (3-4) ◽  
Author(s):  
Jan Gottschalk
Keyword(s):  
Monetary Policy ◽  
Money Demand ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Inflation Expectations ◽  
Real Rate ◽  
Policy Makers ◽  
Monetary Transmission Mechanism ◽  
Short Run ◽  
The Interest Rate

SummaryThis paper presents an analysis of a money demand system for the euro area. The objective is to investigate some aspects of the monetary transmission mechanism. Of particular interest is the interest rate channel, which asserts that monetary policy works by affecting the long real rate. The evidence suggests that the long bond rate is mainly determined by inflation expectations and that the long real rate appears to have been beyond the influence of monetary policy makers. In addition real money effects are considered. At least in the short-run excess money has positive significant effects on output and inflation.

scholarly journals How does the monetary transmission mechanism work? Evidence from Turkey

2020 ◽  
Vol 20 (4) ◽  
pp. 375-382
Author(s):  
Ufuk Can ◽  
Mehmet Emin Bocuoglu ◽  
Zeynep Gizem Can
Keyword(s):  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Monetary Transmission Mechanism

scholarly journals Panel Data Analysis of Monetary Transmission Mechanism for European Union Countries

2017 ◽  
Vol 4 (2) ◽  
pp. 42
Author(s):  
Dina Cakmur Yildirtan ◽  
Selin Sarili
Keyword(s):  
European Union ◽  
Interest Rates ◽  
Debt Crisis ◽  
Panel Data Analysis ◽  
Aggregate Demand ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Response Analysis ◽  
Data Set ◽  
Monetary Transmission Mechanism

Monetary transmission mechanism is the mechanism which shows  in what ways and what extent interaction between the real economy-monetary policy, impacts aggregate demand and production. While transmission channels or mechanisms traditionally classified they divided into three categories; interest rates, Exchange rates and other asset prices.In this study to test the existence of the European debt crisis by the monetary transmission mechanism, 15 members of European Union country by using annual (2002-2014) data set were included into study. We use panel unit root tests to analyze whether the variables in the model are stationary or not. For the countries included in the study, panel causality tests developed by Granger is applied. Panel Vector Autoregressive Model has been estimated and results of Impulse-Response Analysis and Variance Decomposition have been interpreted.

Sign in / Sign up

Export Citation Format

Share Document