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010   $a9786613826206
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035   $a(OCoLC)694141237
035   $a(IMF)WPIEE2006048
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100   $a20060418d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe monetary transmission mechanism in Jordan /$fprepared by Tusher Poddar, Randa Sab, and Hasmik Khachatryan
205   $a1st ed.
210   $a[Washington, D.C.] $cInternational Monetary Fund, Middle East and Central Asia Dept.$d2006
215   $a1 online resource (28 p.)
225 1 $aIMF working paper ;$vWP/06/48
300   $a"February 2006."
311   $a1-4518-6308-X 
320   $aIncludes bibliographical references (p. 26).
327   $a""Contents""; ""I. INTRODUCTION""; ""II. CHANNELS OF MONETARY TRANSMISSION""; ""III. CONDUCT OF MONETARY POLICY IN JORDAN""; ""IV. EVIDENCE FROM VARS""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS""; ""IMPULSE RESPONSES""; ""GRANGER CAUSALITY TESTS SUMMARY""; ""REFERENCES""
330 3 $aThis paper examines monetary transmission in Jordan using the vector autoregressive approach. We find that the real 3-month CD rate, the Central Bank's operating target, affects bank retail rates and that monetary policy, measured by the spread between the 3-month CD rate and the U.S. Federal Funds rate, is effective in influencing foreign reserves. We do not find evidence of monetary policy affecting output. Output responds very little to changes in bank lending rates. Furthermore, equity prices and the exchange rate are not significant channels for transmitting monetary policy to economic activity. The effect of monetary policy on the stock market seems insignificant.
410  0$aIMF working paper ;$vWP/06/48.
606   $aMonetary policy$zJordan
607   $aJordan$xEconomic conditions
615  0$aMonetary policy
700   $aPoddar$b Tushar$01630727
701   $aSab$b Randa$01700417
701   $aKhachatryan$b Hasmik$01700416
712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910816278303321
996   $aThe Monetary Transmission Mechanism in Jordan$94083396
997   $aUNINA