The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic
The study aims to identify whether the monetary transmission channel theory introduced by Keynesian. The study uses a simple review method to review whether the expansionary monetary policy carried out by Bank Negara Malaysia would be able to fulfil the government’s objective to maintain price stabi...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English English |
| Published: |
Academia Industry Networks
2020
|
| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/27008/2/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic.pdf https://eprints.ums.edu.my/id/eprint/27008/3/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic-Abstract.pdf |
| _version_ | 1796910582674227200 |
|---|---|
| author | Caroline Geetha |
| author_facet | Caroline Geetha |
| author_sort | Caroline Geetha |
| collection | UMS |
| description | The study aims to identify whether the monetary transmission channel theory introduced by Keynesian. The study uses a simple review method to review whether the expansionary monetary policy carried out by Bank Negara Malaysia would be able to fulfil the government’s objective to maintain price stability, increase output and also employment. The action taken by Bank Negara Malaysia is to reduce the interest rate and to provide moratorium for 6 months.to the citizen of Malaysia. The underlying theory which is the monetary transmission channels. The review was made using the money channel, the credit view which was distinguished into bank lending channel and balance sheet channel, the interest rate channel and the exchange rate channel. All the channels clearly state the aggregate demand will not increase but decrease leading to a fall in the general price level as well as a fall in the output produced and employment. The objective of the Malaysian government together with the monetary policy will not be achieved using monetary policy actions carried out by Bank Negara Malaysia. |
| first_indexed | 2024-03-06T03:06:38Z |
| format | Article |
| id | ums.eprints-27008 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:06:38Z |
| publishDate | 2020 |
| publisher | Academia Industry Networks |
| record_format | dspace |
| spelling | ums.eprints-270082021-05-27T02:27:53Z https://eprints.ums.edu.my/id/eprint/27008/ The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic Caroline Geetha H Social Sciences (General) HG Finance The study aims to identify whether the monetary transmission channel theory introduced by Keynesian. The study uses a simple review method to review whether the expansionary monetary policy carried out by Bank Negara Malaysia would be able to fulfil the government’s objective to maintain price stability, increase output and also employment. The action taken by Bank Negara Malaysia is to reduce the interest rate and to provide moratorium for 6 months.to the citizen of Malaysia. The underlying theory which is the monetary transmission channels. The review was made using the money channel, the credit view which was distinguished into bank lending channel and balance sheet channel, the interest rate channel and the exchange rate channel. All the channels clearly state the aggregate demand will not increase but decrease leading to a fall in the general price level as well as a fall in the output produced and employment. The objective of the Malaysian government together with the monetary policy will not be achieved using monetary policy actions carried out by Bank Negara Malaysia. Academia Industry Networks 2020-12-04 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/27008/2/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic.pdf text en https://eprints.ums.edu.my/id/eprint/27008/3/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic-Abstract.pdf Caroline Geetha (2020) The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic. International Journal of Business and Econom, 2 (4). pp. 104-114. ISSN 2682-8359 http://myjms.mohe.gov.my/index.php/ijbec/article/view/11409 |
| spellingShingle | H Social Sciences (General) HG Finance Caroline Geetha The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title | The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title_full | The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title_fullStr | The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title_full_unstemmed | The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title_short | The effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| title_sort | effectiveness of the monetary transmission channel on aggregate demand during the health pandemic |
| topic | H Social Sciences (General) HG Finance |
| url | https://eprints.ums.edu.my/id/eprint/27008/2/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic.pdf https://eprints.ums.edu.my/id/eprint/27008/3/The%20effectiveness%20of%20the%20monetary%20transmission%20channel%20on%20aggregate%20demand%20during%20the%20health%20pandemic-Abstract.pdf |
| work_keys_str_mv | AT carolinegeetha theeffectivenessofthemonetarytransmissionchannelonaggregatedemandduringthehealthpandemic AT carolinegeetha effectivenessofthemonetarytransmissionchannelonaggregatedemandduringthehealthpandemic |