TITLE

MONETARY POLICY TRANSMISSION IN NAMIBIA: A REVIEW OF THE INTEREST RATE CHANNEL

AUTHOR(S)
Sheefeni, J. P. S.; Ocran, M. K.
PUB. DATE
November 2012
SOURCE
Journal for Studies in Economics & Econometrics;Nov2012, Vol. 36 Issue 3, p47
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper analyses the channels through which monetary policy shocks are transmitted to the economy. Specifically, the responses of the output, prices and long-term interest rates to monetary policy shocks for Namibia over the quarterly period 1993:Q1 - 2009:Q4 are investigated using impulse response functions and variance decompositions obtained from a structural vector autoregressive model (SVAR). Estimation results showed that the interest rate channel is effective. The results implies that monetary policies working through both long run and short run interest rates have a significant effect on prices and output
ACCESSION #
83755850

 

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