Překlad názvu: Evaluation of Monetary Policy in Ethiopia: An Empirical Study
Autoři: Taye, Alemayehu Demissew ; Horváth, Roman (vedoucí práce) ; Bauer, Michal (oponent)
Typ dokumentu: Diplomové práce
Rok: 2015
Jazyk: eng
Abstrakt: In this paper, a structural vector auto regression (SVAR) approach is used to empirically investigate the effects of monetary policy shocks on output (measured by real GDP) and prices (measured by consumer price index) in Ethiopia. We isolated the SVAR structural shocks by imposing restrictions on the long- run behavior of the variables in the model, which places a recursive restriction on the disturbances of the SVAR. We considered three alternative policy instruments i.e. broad money supply (M2), lending rate and the real effective exchange rate (REER). We find evidence that price-based nominal anchors (Interest rate and REER) have an effect on real output, a modest effect of the lending rate while a significant effect of REER is documented, with a slightly faster speed of adjustment. Similarly, innovation in the quantity based nominal anchor (M2) affects economic activities significantly. Powered by TCPDF (www.tcpdf.org)
Klíčová slova: Monetary Policy Evaluation; Output Effect; Price Effect; SVAR; Monetary Policy Evaluation; Output Effect; Price Effect; SVAR

Instituce: Fakulty UK (VŠKP) (web)
Informace o dostupnosti dokumentu: Dostupné v digitálním repozitáři UK.
Původní záznam: http://hdl.handle.net/20.500.11956/64365

Trvalý odkaz NUŠL: http://www.nusl.cz/ntk/nusl-333505


Záznam je zařazen do těchto sbírek:
Školství > Veřejné vysoké školy > Univerzita Karlova > Fakulty UK (VŠKP)
Vysokoškolské kvalifikační práce > Diplomové práce