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Monetary and fiscal policy shocks: VAR econometrics

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 
To foster macroeconomic stability and growth in output for an economy, fiscal and monetary policies remain important economic management instruments. However, potency of these policies has been a major concern to economists for a long time resulting in the debate on the effectiveness of monetary and fiscal policy by two different schools of thought. Today, despite the many empirical studies the controversy surrounding the effectiveness of these policies is still unresolved. The results from various past studies vary from country to country hence a country specific study to investigate whether monetary and fiscal variables have a predictive content for output is necessary. This study has contributed to the existing literature by investigating the relative impact of both fiscal and monetary policy on output in the Kenya.The study employed the recursive Vector Autoregressive (VAR) approach in analysis to avoid methodological weaknesses that are the cause of the controversial empirical findings regarding the relative impact of the two policies on output.
Product Specifications
SKU :COC14107
AuthorCyrus Mutuku
LanguageEnglish
BindingPaperback
Number of Pages76
Publishing Year11/16/2012
ISBN978-3659287763
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00