Title
Empirical Analysis of Monetary Policy in Ethiopia: 19652005: A Cointegrated VAR Approach,Used
Delivery time: 8-12 business days (International)
Managing stable macroeconomic environment is a critical challenge to many developing countries. The gap both in theoretical and empirical knowledge about macroeconomics in the context of developing countries only aggravated the problem. This book tries to narrow the gap. The relationship among three important macro variables in the Ethiopian economy GDP, price and money ? is investigated. The empirical estimates are based on data covering the period 19642005. Longrun neutrality test results from bivariate SVAR models depend on identifying assumptions. The CVAR approach applied to the data suggests that the longrun path of output has been independent of the monetary shocks. Moreover, money stock is found to have a significant effect on the longrun price level. However, the hypothesis that every nominal shock will ultimately result in a proportionate increase in the price level is rejected. Impulseresponse analysis is carried out to assess the dynamic impact of monetary shocks. Shortrun dynamics matching the regularities in previous studies on developed countries are uncovered. Potential explanations are offered focusing on the structure of the Ethiopian economy.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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