也门货币政策渠道影响经济增长的有效性

د. عبد اللطيف المقدم, Dr. Mehmet Hilmi Özkaya, معين الهويش
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引用次数: 0

摘要

本研究旨在利用VAR模型和1990 -2016年期间的年度数据,评估也门货币政策渠道在传递货币政策对经济增长影响方面的有效性。本研究纳入了经济增长率这一变量,以及代表货币传导渠道的四个变量,即货币渠道(M1)、利率渠道(IR)、汇率渠道(DEXR)和银行贷款渠道(LOANS)。实证结果表明,货币渠道和汇率对经济增长的影响都很重要。这也表明利率渠道不那么重要,而银行贷款渠道不重要。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Effectiveness of Monetary Policy Channels on Impacting Economic Growth in Yemen
This study aimed to assess the effectiveness of monetary policy channels in transmitting the impact of monetary policy on economic growth in Yemen using a VAR model and annual data over the period 1990 -2016. The study included the variable of the economic growth rate, in addition to four variables that represent the monetary transmission channels, namely: the channel of monetary (M1), the channel of interest rate (IR), the channel of the exchange rate (DEXR), and the channel of bank lending (LOANS). The empirical results showed the importance of both the channel of monetary and exchange rate in impacting economic growth. It also showed that the channel of interest rate was less important, while the channel of bank lending was not important.
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