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[null,"1.","Record Nr.",null,"UNINA9910960604503321"]
[null,null,"Autore",null,"Cevik Serhan"]
[null,null,"Titolo",null,"Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries / / Serhan Cevik, Katerina Teksoz"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2012"]
[null,null,"ISBN",null,"9781475541205"]
[{"$nulls":4},"1475541201"]
[{"$nulls":4},"9781475522181"]
[{"$nulls":4},"1475522185"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (36 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[{"$nulls":4},"IMF working paper ; ; WP/12/191"]
[null,null,"Disciplina",null,"332.152"]
[null,null,"Soggetti",null,"Transmission mechanism (Monetary policy)"]
[{"$nulls":4},"Bank credit"]
[{"$nulls":4},"Credit"]
[{"$nulls":4},"Currency"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Diffusion Processes"]
[{"$nulls":4},"Dynamic Quantile Regressions"]
[{"$nulls":4},"Dynamic Treatment Effect Models"]
[{"$nulls":4},"Econometric analysis"]
[{"$nulls":4},"Econometrics & economic statistics"]
[{"$nulls":4},"Econometrics"]
[{"$nulls":4},"Economywide Country Studies: Asia including Middle East"]
[{"$nulls":4},"Exchange rate arrangements"]
[{"$nulls":4},"Exchange rates"]
[{"$nulls":4},"Foreign Exchange"]
[{"$nulls":4},"Foreign exchange"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Model Construction and Estimation"]
[{"$nulls":4},"Monetary economics"]
[{"$nulls":4},"Monetary Policy"]
[{"$nulls":4},"Monetary policy"]
[{"$nulls":4},"Monetary Policy, Central Banking, and the Supply of Money and Credit: General"]
[{"$nulls":4},"Monetary transmission mechanism"]
[{"$nulls":4},"Money and Monetary Policy"]
[{"$nulls":4},"Money Multipliers"]
[{"$nulls":4},"Money Supply"]
[{"$nulls":4},"Money"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"State Space Models"]
[{"$nulls":4},"Structural vector autoregression"]
[{"$nulls":4},"Time-Series Models"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Abstract; Contents; I. Introduction; II. An Overview of The Channels of Monetary Policy Transmission; III. A Brief Overview of Economic Developments; Figures; 1. GCC: Real Non-hydrocarbon GDP Growth and Inflation, 1991-2010; 2. GCC and U.S. Nominal Short-Term Interest Rates, 2004-2010; IV. Empirical Methodology; A. The Benchmark SVAR Specification; B. Data Overview; Tables; 1. Unit Root Tests Results for GCC Countries; V. Estimation Results; 2. Specification tests of the GCC SVAR; VI. Analyzing the Robustness of the Results; 3. Estimated Contemporaneous SVAR Coefficients, 1900-2010"]
[{"$nulls":4},"4. GCC: Variance Decomposition (Percent of Total Variance)VII. Conclusion; Appendix Figures; 1. GCC: Impulse Responses with Bootstrapped Confidence Intervals; 2. Bahrain: Impulse Responses with Bootstrapped Confidence Intervals; 3. Kuwait: Impulse Responses with Bootstrapped Confidence Intervals; 4. Oman: Impulse Responses with Bootstrapped Confidence Intervals; 5. Qatar: Impulse Responses with Bootstrapped Confidence Intervals; 6. Saudi Arabia: Impulse Responses with Bootstrapped Confidence Intervals; 7. U.A.E.: Impulse Responses with Bootstrapped Confidence Intervals"]
[{"$nulls":4},"8. GCC: Variance Decomposition with Bootstrapped Confidence Intervals9. Bahrain: Variance Decomposition with Bootstrapped Confidence Intervals; 10. Kuwait: Variance Decomposition with Bootstrapped Confidence Intervals; 11. Oman: Variance Decomposition with Bootstrapped Confidence Intervals; 12. Qatar: Variance Decomposition with Bootstrapped Confidence Intervals; 13. Saudi Arabia: Variance Decomposition with Bootstrapped Confidence Intervals; 14. U.A.E.: Variance Decomposition with Bootstrapped Confidence Intervals; References"]
[null,null,null,"Sommario/riassunto","This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing non-hydrocarbon output and consumer prices, while the exchange rate channel does not appear to play an important role as a monetary transmission mechanism because of the pegged exchange rate regimes. The empirical analysis suggests that policy measures and structural reforms - strengthening financial intermediation and facilitating the development of liquid domestic capital markets - would advance the effectiveness of monetary transmission mechanisms in the GCC countries."]