Monetary Policy Transmission In Namibia: A Review Of The Interest Rate Channel

J P S Sheefeni and M K Ocran

Studies in Economics and Econometrics, 2012, vol. 36, issue 3, 47-64

Abstract: This paper analyses the channels through which monetary policy shocks are transmitted to the economy. Specifically, the responses of the output, prices and long-term interest rates to monetary policy shocks for Namibia over the quarterly period 1993:Q1 – 2009:Q4 are investigated using impulse response functions and variance decompositions obtained from a structural vector autoregressive model (SVAR). Estimation results showed that the interest rate channel is effective. The results implies that monetary policies working through both long run and short run interest rates have a significant effect on prices and output

Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10800379.2012.12097243 (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:taf:rseexx:v:36:y:2012:i:3:p:47-64

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rsee20

DOI: 10.1080/10800379.2012.12097243

Access Statistics for this article

Studies in Economics and Econometrics is currently edited by Willem Bester

More articles in Studies in Economics and Econometrics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().