This paper assesses the individual effects on economic performance of different monetary
policy interest rates for a central bank. To measure these effects, we employ an extension of …

Structural vector autoregressions (VARs) are widely used to trace out the effect of monetary
policy innovations on the economy. However, the sparse information sets typically used in …

An effective monetary policy framework is often viewed as a pre-condition for well-
functioning financial markets. Yet measuring monetary policy effectiveness is not …

This paper examines the effects of monetary policy on macroeconomic variables in
Pakistan's economy using a data-rich environment. We used the factor-augmented vector …

This paper investigates the determinants of UK interest rates using a factor‐augmented
vector autoregression model (VAR), similar to the one suggested by Bernanke, Boivin and …

This study applies factor-augmented vector autoregressive models to investigate the effect of
the European Central Bank's (ECB) conventional monetary policy on the real economy …

This paper addresses the ability of central banks to affect the structure of interest rates. We
assess the causal relationship between the short‐term Effective Federal Funds Rate (FF) …

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a
factor augmented panel (FAP) to control for the presence of common unobservable factors …

We use a broad set of Chinese economic indicators and a dynamic factor model framework
to estimate Chinese economic activity and inflation as latent variables. We incorporate these …

We examine the economic performance (inflation and growth) associated with different
monetary policy frameworks, presenting unconditional and conditional analyses, and using …