VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries
VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via shortrun restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these countries? Us...
| Hlavní autoři: | , , , , |
|---|---|
| Médium: | Journal article |
| Vydáno: |
International Monetary Fund
2016
|