Monetary condition index and its changing transmission on macro-economic variables
It has been known with time that no single transmission mechanism is enough to understand the monetary policy stance of that country. The objective of this paper is combine two transmission channel, interest rate and exchange rate so as to construct monetary condition index (MCI) for the gulf countr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Business School, Holy Spirit University of Kaslik (USEK)
2018-12-01
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| Series: | Arab Economic and Business Journal |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214462517301202 |