EconPapers    
Economics at your fingertips  
 

Output Effects of Monetary Policy in Emerging and Developing Countries: Evidence from a Meta-Analysis

Thi Mai Lan Nguyen

Emerging Markets Finance and Trade, 2020, vol. 56, issue 1, 68-85

Abstract: Using 45 studies conducted between 2001 and 2014, this paper employs a meta-regression analysis (MRA) to synthesize vector-autoregressive findings of output effects of a tightening in monetary policy in 32 emerging and developing countries. The outcomes indicate a publication bias. However, tightening of monetary policy has a negative real effect on output. Primary studies including commodity price variable(s) tend to report stronger negative effects. Output effects are likely to be more negative in an economy with a developed financial system and less effective in an economy with high inflation volatility.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2019.1601081 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:56:y:2020:i:1:p:68-85

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2019.1601081

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-12-08
Handle: RePEc:mes:emfitr:v:56:y:2020:i:1:p:68-85