Global Financial Transmission of Monetary Policy Shocks
نویسندگان
چکیده
منابع مشابه
Financial Development and the Transmission of Monetary Shocks
We investigate whether the financial system dampens or exacerbates monetary shocks of inflation uncertainty to the economy. Our GMM-estimates for 88 countries over a period of 25 years show that inflation uncertainty has a positive and significant impact on the volatility of economic growth. More importantly, we find that financial development dampens the negative effects of inflation uncertain...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2009
ISSN: 0305-9049,1468-0084
DOI: 10.1111/j.1468-0084.2009.00561.x