Monetary Policy Transmission Mechanisms in Pacific Island Countries

2011 ◽  
Author(s):  
Yongzheng Yang ◽  
Matt Davies ◽  
Shengzu Wang ◽  
Jonathan Dunn ◽  
Yiqun Wu
Keyword(s):  
Monetary Policy ◽  
Pacific Island ◽  
Monetary Policy Transmission ◽  
Transmission Mechanisms ◽  
Policy Transmission ◽  
Pacific Island Countries

scholarly journals Monetary Policy Transmission Mechanisms in Pacific Island Countries

2011 ◽  
Vol 11 (96) ◽  
pp. 1 ◽  
Author(s):  
Jonathan C. Dunn ◽  
Matt Davies ◽  
Yongzheng Yang ◽  
Yiqun Wu ◽  
Shengzu Wang ◽  
...  
Keyword(s):  
Monetary Policy ◽  
Pacific Island ◽  
Monetary Policy Transmission ◽  
Transmission Mechanisms ◽  
Policy Transmission ◽  
Pacific Island Countries

scholarly journals The lending channels of monetary policy transmission mechanisms: the case of Jordan

Pressacademia ◽  
2021 ◽  
Vol 8 (4) ◽  
pp. 167-173
Author(s):  
Muhanned Obeidat ◽  
Ahmad Tarawneh ◽  
Mohammad Khataibeh ◽  
Ghassan Omet
Keyword(s):  
Monetary Policy ◽  
Monetary Policy Transmission ◽  
Transmission Mechanisms ◽  
Policy Transmission

Monetary policy transmission mechanisms and currency unions

2005 ◽  
Vol 27 (1) ◽  
pp. 55-74 ◽  
Author(s):  
Alfred A. Haug ◽  
Özer Karagedikli ◽  
Satish Ranchhod
Keyword(s):  
Monetary Policy ◽  
Currency Unions ◽  
Monetary Policy Transmission ◽  
Transmission Mechanisms ◽  
Policy Transmission

scholarly journals Monetary policy transmission mechanisms in Indonesia: revisiting the role of Divisia money

2020 ◽  
Vol 185 (9-10) ◽  
pp. 91-98
Author(s):  
Maggie May-Jean Tang ◽  
◽  
Chin-Hong Puah ◽  
I Gusti Ayu Purnamawati ◽  
◽  
...  
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Monetary Policy Transmission ◽  
Vector Autoregressive ◽  
Transmission Mechanisms ◽  
Long Run ◽  
Svar Model ◽  
Policy Transmission ◽  
Structural Vector

This study examines the performance of monetary policy transmission mechanisms in Indonesia from the money view. The best choice of a monetary policy transmission channel has been a topic of debate for many years among researchers as well as central banks. This is mainly due to the inconsistent performance of different channels across countries and period of time. Therefore, it is crucial for policymakers to have a prior understanding of the strengths of the various monetary policy transmission channels. The role of Divisia money in the process of transmission mechanism has also been considered in the Structural Vector Autoregressive (SVAR) model of this study with eight variables and quarterly data from 1984Q1 to 2019Q4. In Indonesia, interest-rates are the major tool used by the central bank to achieve the targeted inflation rate. However, our empirical analysis has shown otherwise, suggesting that other channels are better in ensuring the transmission smoothness of the monetary policy. In addition, depending on whether a short- or long-run effect is desired, a different channel should be adopted to transmit the intended impact. This study has affirmed the superiority of Divisia money since most of the fluctuations in the key domestic macroeconomic variables in Indonesia can be explained by the monetary aggregate.

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