Unconventional Monetary Policy in a Small Open Economy

Unconventional Monetary Policy in a Small Open Economy
Author :
Publisher : International Monetary Fund
Total Pages : 70
Release :
ISBN-10 : 9781484330944
ISBN-13 : 1484330943
Rating : 4/5 (943 Downloads)

Book Synopsis Unconventional Monetary Policy in a Small Open Economy by : Margaux MacDonald

Download or read book Unconventional Monetary Policy in a Small Open Economy written by Margaux MacDonald and published by International Monetary Fund. This book was released on 2017-12-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconventional monetary policy at the zero lower bound (ZLB) we estimate a Bayesian structural vector autoregressive model for Canada - a useful case where foreign shocks can be proxied by U.S. variables alone. We find that, during the ZLB period, Canadian unconventional monetary policy increased output (measured by industrial production) by 0.013 percent per month on average while US unconventional monetary policy raised Canadian output by 0.127 percent per month on average. Our results demonstrate the effectiveness of domestic unconventional monetary policy and the strong positive spillover effects that foreign unconventional monetary policies can have in a small open economy.

Unconventional Monetary Policy in a Small Open Economy Related Books

Unconventional Monetary Policy in a Small Open Economy
Language: en
Pages: 70
Authors: Margaux MacDonald
Categories: Business & Economics
Type: BOOK - Published: 2017-12-01 - Publisher: International Monetary Fund

GET EBOOK

This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconven
Unconventional Monetary Policy in a Small Open Economy
Language: en
Pages: 70
Authors: Margaux MacDonald
Categories: Business & Economics
Type: BOOK - Published: 2017-12-01 - Publisher: International Monetary Fund

GET EBOOK

This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconven
Fac-simile des textes sogdien et chinois
Language: en
Pages: 42
Authors:
Categories:
Type: BOOK - Published: 1920 - Publisher:

GET EBOOK

Unconventional Monetary Policy in an Open Economy
Language: de
Pages:
Authors:
Categories:
Type: BOOK - Published: 2014 - Publisher:

GET EBOOK

Monetary Policy in a Small Open Economy with Credit Goods Production
Language: en
Pages: 20
Authors: Mr.Jorge A. Chan-Lau
Categories: Business & Economics
Type: BOOK - Published: 1998-10-01 - Publisher: International Monetary Fund

GET EBOOK

The paper analyzes the effects of monetary policy in a dynamic model of a small open economy with cash and credit goods production, where government consumption