It takes the average reader 1 hour and 1 minute to read Monetary Transmission Mechanism in the East African Community by Mr. Hamid Reza Davoodi
Assuming a reading speed of 250 words per minute. Learn more
Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation—posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. The paper offers some suggestions for strengthening the MTM in the EAC.
Monetary Transmission Mechanism in the East African Community by Mr. Hamid Reza Davoodi is 59 pages long, and a total of 15,281 words.
This makes it 20% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read Monetary Transmission Mechanism in the East African Community aloud.
Monetary Transmission Mechanism in the East African Community is suitable for students ages 8 and up.
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