2 pages matching Transmission Mechanism in this book
Results 1-2 of 2
What people are saying - Write a review
We haven't found any reviews in the usual places.
aggregate demand anticipated bank deposits banking system central bank credit commercial banks contractionary effect curb interest rate curb market loans current account deficit denotes derived developing countries deviations from baseline disposable income domestic currency notes Economic equation equilibrium exchange rate depreciates exogenous expansionary effect final imports financial repression tax financial wealth fiscal foreign assets foreign currency-denominated assets foreign exchange market foreign-currency denominated assets government spending implicit subsidy imported intermediate inputs imports of intermediate informal interest rate informal loan market informal markets interest rate ceilings International Monetary Fund macroeconomic effects market for foreign market-clearing Montiel nominal interest rate nominal wage official exchange rate official market parallel exchange rate parallel market premium parameter period t+5 portfolio price of imported private sector rate on bank rational expectations real interest rate reserve ratio return on foreign rise shocks smuggled spending on home tax rate transactions Transmission Mechanism values variables wealth effect Wijnbergen