The exchange rate channel and monetary policy transmission in Namibia

dc.contributor.authorSheefeni, J.P.
dc.contributor.authorOcran, M.
dc.date.accessioned2021-03-08T09:51:26Z
dc.date.available2021-03-08T09:51:26Z
dc.date.issued2015
dc.description.abstractThis paper investigates the exchange rate channel of monetary policy transmission in Namibia over the quarterly 1993:Q1 - 2011:Q4. The empirical analysis was conducted using innovation accounting tools such as generalised impulse response functions and forecast error variance decompositions obtained from a structural vector autoregressive model (SVAR). The results show that the exchange rate channel is operational. That is, changes in the monetary policy instruments affect the exchange rate variable which in turn transmits the shocks to output and prices but weak and not so significant.en_US
dc.identifier.citationSheefeni, J.P., & Ocran, M. (2015). The exchange rate channel and monetary policy transmission in Namibia. Journal for Development and Leadership,4(2), 14-54en_US
dc.identifier.issn2226-0102
dc.identifier.urihttp://hdl.handle.net/10566/5973
dc.language.isoenen_US
dc.publisherNelson Mandela Metropolitan Universityen_US
dc.subjectNamibiaen_US
dc.subjectMonetary policyen_US
dc.subjectExchange rate channelen_US
dc.subjectFixed exchange rateen_US
dc.subjectStructural vector auto-regressionen_US
dc.titleThe exchange rate channel and monetary policy transmission in Namibiaen_US
dc.typeArticleen_US

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