Monetary policy in the presence of external economic uncertainty in selected developed and developing countries
<p>The general objective of this study is to examine the monetary policy reaction function</p><p>with the presence of exchange rate and terms of trade (TOT) in an economic uncertainty.</p><p>The specific objectives of this study a...
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HC Economic History and Conditions Yee, Kok Jing Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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<p>The general objective of this study is to examine the monetary policy reaction function</p><p>with the presence of exchange rate and terms of trade (TOT) in an economic uncertainty.</p><p>The specific objectives of this study are to examine the causal relationship between</p><p>monetary policy and economic uncertainty variables; and to examine the cointegration</p><p>relationship between monetary policy by including the external economic uncertainty</p><p>variables without neglecting the output uncertainty and inflation uncertainty. The data</p><p>of this study are collected on a quarterly basis from the year 1995 quarter one until the</p><p>year 2018 quarter one based on a sample of 30 countries. This study employs the</p><p>causality tests (i.e., Toda Yamamoto causality test and Granger causality test) and panel</p><p>heterogeneous cointegration approach. The findings from the causality tests and panel</p><p>heterogeneous cointegration approach shows that the economic uncertainty variables</p><p>have a causal relationship with monetary policy, and there is a significant long-run and</p><p>short-run relationship between monetary policy and economic uncertainty variables,</p><p>respectively. Overall, this study shows that the monetary policymakers are able to</p><p>optimise the functions of the external economic uncertainty variables in the monetary</p><p>policy reaction function without ignoring the role of the output uncertainty and inflation</p><p>uncertainty. The policy implications of this study are monetary policymakers are able</p><p>to design an alternative economic policy; to combat the economic uncertainty via</p><p>interest rate uncertainty; to mitigate the negative impact from economic uncertainty;</p><p>and to design a better economic policy for open economies to achieve the monetary</p><p>policy goals.</p> |
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Master's degree |
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Yee, Kok Jing |
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Yee, Kok Jing |
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Yee, Kok Jing |
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Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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Monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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monetary policy in the presence of external economic uncertainty in selected developed and developing countries |
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Universiti Pendidikan Sultan Idris |
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Fakulti Pengurusan dan Ekonomi |
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2021 |
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oai:ir.upsi.edu.my:73322022-08-22 Monetary policy in the presence of external economic uncertainty in selected developed and developing countries 2021 Yee, Kok Jing HC Economic History and Conditions <p>The general objective of this study is to examine the monetary policy reaction function</p><p>with the presence of exchange rate and terms of trade (TOT) in an economic uncertainty.</p><p>The specific objectives of this study are to examine the causal relationship between</p><p>monetary policy and economic uncertainty variables; and to examine the cointegration</p><p>relationship between monetary policy by including the external economic uncertainty</p><p>variables without neglecting the output uncertainty and inflation uncertainty. The data</p><p>of this study are collected on a quarterly basis from the year 1995 quarter one until the</p><p>year 2018 quarter one based on a sample of 30 countries. This study employs the</p><p>causality tests (i.e., Toda Yamamoto causality test and Granger causality test) and panel</p><p>heterogeneous cointegration approach. The findings from the causality tests and panel</p><p>heterogeneous cointegration approach shows that the economic uncertainty variables</p><p>have a causal relationship with monetary policy, and there is a significant long-run and</p><p>short-run relationship between monetary policy and economic uncertainty variables,</p><p>respectively. Overall, this study shows that the monetary policymakers are able to</p><p>optimise the functions of the external economic uncertainty variables in the monetary</p><p>policy reaction function without ignoring the role of the output uncertainty and inflation</p><p>uncertainty. The policy implications of this study are monetary policymakers are able</p><p>to design an alternative economic policy; to combat the economic uncertainty via</p><p>interest rate uncertainty; to mitigate the negative impact from economic uncertainty;</p><p>and to design a better economic policy for open economies to achieve the monetary</p><p>policy goals.</p> 2021 thesis https://ir.upsi.edu.my/detailsg.php?det=7332 https://ir.upsi.edu.my/detailsg.php?det=7332 text eng closedAccess Masters Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi <p>Aastveit, K. A., Natvik, G. J., & Sola, S. (2017). Economic uncertainty and the</p><p>influence of monetary policy. Journal of International Money and Finance, 76,</p><p>50-67.</p><p></p><p>Abubabkar, M., & Yaaba, B. N. (2013). A post market reform analysis of monetary</p><p>conditions index for Nigeria. Journal of Economics and Sustainable</p><p>Development, 4(14), 1-11.</p><p></p><p>Adelina-Geanina, I. (2011). 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