The effect of monetary policy on real house price growth in South Africa: A factor-augmented vector autoregression (FAVAR) approach
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چکیده
منابع مشابه
the effect of monetary policy on food price index: an application of factor augmented vector autoregressive (favar) approach
achieving an acceptable level of price growth is one of the main objectives of economic policies. with consideration to the importance of food, information on food price response to monetary policies is important. to achieve the object, scholars recently emphasize the use of models in which a wide range of economic data are included. these models are created by inclusion of one or more factors ...
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Price stability has been the foremost task of monetary policy. The information relating to the response of prices to monetary policy shocks is essential for conducting monetary policy in general and for inflation targeting of central banks in particular. Most of the published empirical studies analyze the response of an aggregate price index like CPI or a consumption deflator and their r...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2010
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2009.09.011