Monetary Policy Transmission Mechanisms and Inflation in Slovakia /

This paper presents the results of an empirical analysis into monetary policy transmission mechanisms and inflation in the Slovak Republic. The estimated vector autoregression (VAR) model suggests that inflation is determined by changes in foreign prices, the exchange rate, and wage costs, with a mo...

Descripció completa

Dades bibliogràfiques
Autor principal: Kuijs, Louis
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2002.
Col·lecció:IMF Working Papers; Working Paper ; No. 2002/080
Accés en línia:Full text available on IMF
LEADER 01691cas a2200241 a 4500
001 AALejournalIMF001942
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451850314 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Kuijs, Louis. 
245 1 0 |a Monetary Policy Transmission Mechanisms and Inflation in Slovakia /  |c Louis Kuijs. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (27 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents the results of an empirical analysis into monetary policy transmission mechanisms and inflation in the Slovak Republic. The estimated vector autoregression (VAR) model suggests that inflation is determined by changes in foreign prices, the exchange rate, and wage costs, with a modest effect of aggregate demand, in line with theory for small, open economies. Monetary policy is shown to affect inflation via these channels. Changes in money supply seem to have a modest but rapid impact on prices. The measured effect of interest rate changes is modest and gradual, although it appears to have become more important in recent years. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/080 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/080/001.2002.issue-080-en.xml  |z IMF e-Library