In this study we empirically investigate the influence of the low interest rate environment
adopted by inflation targeting countries from Central and Eastern Europe as a rescue …

This chapter concentrates on the econometrics of monetary policy. We describe the
evolution of models estimated to evaluate the macroeconomic impact of monetary policy. We …

Results Our results suggest that the EMS is superior to short-maturity interest rates as a
monetary policy metric, even prior to the GFC. The EMS obtains more stable and plausible …

This paper examines the efficacy of monetary policy in the South African economy using a
data‐rich framework. We use the Factor‐Augmented Vector Autoregressive (FAVAR) …

The paper focuses on examining the salient features and developments in the structure of
monetary policy and on describing their implications for the Egyptian economy mainly during …

The stable macroeconomic environment, as one of the primary objectives of the Visegrad
countries in the 1990s, was partially supported by the exchange rate policy. Fixed exchange …

I investigate the effectiveness of both conventional and unconventional Japanese monetary
policy measures targeting either the short-term interest rate or the monetary base. Using a …

The paper reconsiders the role of money and banking in monetary policy analysis by
including a banking sector and money in an optimizing model otherwise of a standard type …

The effect of monetary policy on long-term interest rates has been a question of interest in
recent years. A number of papers, relying on single-equation estimation techniques, have …

This study estimates the neutral real interest rate and output gap jointly under two different
multivariate unobserved components models. In the analyses, Kalman filter is applied to a …