The Effectiveness of Monetary Policy in Small Open Economies : An Empirical Investigation

An Empirical Investigation

The Effectiveness of Monetary Policy in Small Open Economies : An Empirical Investigation
This paper examines the relative effectiveness of the use of indirect and direct monetary policy instruments in Barbados, Jamaica and Trinidad and Tobago, by estimating a restricted Vector Autoregressive model with Exogenous Variables (VARX). The study assumes that the central bank conducts monetary policy using a Taylor-type rule and it... READ MORE...

Publication date: September 2016
ISBN 9781475536874
$18.00

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