Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries

Working Paper No. 12/191

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing non-hydrocarbon output and consumer prices, while the... READ MORE...

Publication date: July 2012
ISBN 9781475505399

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Publication date: July 2012