...Zhandos Ybrayev Purpose This study aims to determine whether the transmission of monetary policy to the real economy depends on the structural conditions of financial stability. In particular, the paper shows that the effects of shocks to financial stability on output and inflation is conditional...

...Elena Fedorova; Elena Meshkova Purpose This paper aims to examine the relationship between monetary policy and market interest rates. This paper examines the efficiency of interest rate channel used in monetary regulation as well as implementation of monetary policy under low interest rates...

.... Monetary policies appear to be more responsive to trend price inflation with an aim to stem further inflationary pressures. Fiscal policy’s reaction to trend price inflation aims at striking a balance between countering potential inflationary pressures, as well as recessionary conditions attributed...

...Roseline N. Misati; Esman M. Nyamongo; Anne W. Kamau Purpose This study aims to quantitatively measure the size and speed of monetary policy interest rate transmission to long‐term interest rates in Kenya. Design/methodology/approach The study uses autoregressive distributed lag specification...

... such as political cohesion may be just as important. Originality/value This paper's main contribution is that it employs a more rigorous framework and a more comprehensive data set than previous studies. Business cycles Caribbean Monetary policy In 2006, the members of CARICOM ratified an agreement...

...Subrata Ghatak; Willy Spanjers Purpose The purpose of this paper is to discuss the potential benefits of monetary policy rules for transition economies (TEs). Design/methodology/approach The paper discusses monetary policy rules, inflation targeting, political risk and ambiguity and monetary...