1887

n Studies in Economics and Econometrics - Monetary policy transmission in Namibia : a review of the interest rate channel

Volume 36, Issue 3
  • ISSN : 0379-6205

Abstract

This paper analyses the channels through which monetary policy shocks are transmitted to the economy. Specifically, the responses of the output, prices and long-term interest rates to monetary policy shocks for Namibia over the quarterly period 1993:Q1 - 2009:Q4 are investigated using impulse response functions and variance decompositions obtained from a structural vector autoregressive model (SVAR). Estimation results showed that the interest rate channel is effective. The results implies that monetary policies working through both long run and short run interest rates have a significant effect on prices and output.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/bersee/36/3/EJC128134
2012-01-01
2019-10-19

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error