Monetary Transmission Mechanism in Nigeria: A Causality Test
نویسندگان
چکیده
منابع مشابه
Corporate Finance and the Monetary Transmission Mechanism
We analyze the transmission effects of monetary policy in a general equilibrium model of the financial sector, with bank lending and securities markets. Bank lending is constrained by capital adequacy requirements, and asymmetric information adds a cost to outside bank equity capital. In our model, monetary policy does not affect bank lending through changes in bank liquidity; rather, it operat...
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everal authors have documented a reduced variability of output and inflation in the United States since the beginning of the 1980s.1 In fact, a comparison of the 1980:1-2001:2 period with the two preceding decades shows that the standard deviation of quarterly output growth has fallen 30 percent, while the standard deviation of inflation has decreased more than 40 percent. These changes in the ...
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ژورنال
عنوان ژورنال: Mediterranean Journal of Social Sciences
سال: 2013
ISSN: 2039-9340,2039-2117
DOI: 10.5901/mjss.2013.v4n13p377