Monetary policy velocity and its financial effects: an empirical analysis for an emerging economy
We contribute to the literature of monetary policy evaluation by proposing a concept and a measurement process of monetary policy velocity. Furthermore, we develop a theoretical model explaining how changes in such a velocity index are accompanied by effects in stock prices. Based on the case of Bra...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2019-12-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14810/pdf |