A Comparison on Conventional and Unconventional Monetary Policy Strategies in the Context of International Transmission ChannelAbstract: In this study, the effectiveness of conventional and unconventional monetary policy strategies is investigated for developing countries (Romania, Poland, Hungary and Turkey) for 2008:1-2017:5 period with panel VAR methodology. Results show that in the post-global crisis period, conventional policy implementations cannot create meaningful and lasting effects on GDP in developing countries. It has been seen that unconventional monetary policy doesn’t have a statistically significant effect on inflation, while its most severe and permanent effect is observed on the real effective exchange rate

Durmuş Çağrı Yildirim and Buket Kirci-Altinkeski̇

Sosyoekonomi Journal, 2020, issue 28(46)

Keywords: Monetary Transmission Mechanism; International Transmission Mechanism; Unconventional Monetary Policies; Panel VAR Analysis. (search for similar items in EconPapers)
JEL-codes: C33 E52 O24 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:200407

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