Monetary transmission mechanisms in Belarus /
We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather th...
Clasificación: | Libro Electrónico |
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Autores principales: | , |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2006.
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Colección: | IMF working paper ;
WP/06/246. |
Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- I. MONETARY POLICY TRANSMISSION MECHANISM
- II. CONSTRAINTS, VULNERABILITIES, AND THE ROAD AHEAD
- III. STEPS TOWARD ENHANCING MONETARY POLICY EFFECTIVENESS
- REFERENCES