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Title: Structural Difference in Monetary Shock Transmission A Panel VAR Approach
Authors: Ban, Whi Min Ban
Advisors: Fernandez-Villaverde, Jesus
Department: Economics
Class Year: 2014
Abstract: Recent literature shows that financial development and economic growth are closely related. In this paper, I argue that the levels of monetary shock transmission for the two financial structures are different. Using Panel Vector Autoregression(PVAR) on a panel set of data, I find some evidence that levels of transmission of monetary shock to inflation rate and interest rate are different in the two financial structures.
Extent: 51 pages
Type of Material: Princeton University Senior Theses
Language: en_US
Appears in Collections:Economics, 1927-2017

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