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Credibility of European Monetary System Interest Rate Policies: A Markov Regime-Switching Approach

โœ Scribed by Philip Arestis; Kostas Mouratidis


Book ID
111042509
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
162 KB
Volume
72
Category
Article
ISSN
1463-6786

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Credibility of monetary policy in four a
โœ Philip Arestis; Kostas Mouratidis ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 104 KB

The aim of this study is to estimate the credibility of monetary policy in four accession countries (the Czech Republic, Hungary, Poland and the Slovak Republic), based on the Markov regime-switching (MRS) framework. We utilize the theoretical proposition that in the conduct of monetary policy, ther