The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach
碩士 === 國立中山大學 === 經濟學研究所 === 99 === This paper applies a Factor-Augmented VAR model proposed by Bernanke, Boivin and Eliasz (2005) to measure the impact of the monetary policy in Taiwan. Our empirical results show that, first, the more the factors added in the benchmark VAR, the more we can explain...
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2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/37806025315451678534 |
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ndltd-TW-099NSYS53890232015-10-19T04:03:18Z http://ndltd.ncl.edu.tw/handle/37806025315451678534 The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach 臺灣貨幣政策效果之再探討-以 FAVAR 模型為例 I-Ching Chu 朱逸卿 碩士 國立中山大學 經濟學研究所 99 This paper applies a Factor-Augmented VAR model proposed by Bernanke, Boivin and Eliasz (2005) to measure the impact of the monetary policy in Taiwan. Our empirical results show that, first, the more the factors added in the benchmark VAR, the more we can explain the price puzzle problem. Second, the effect of the tightening in the monetary policy (the increase in the interbank overnight lending rate) is inconsistent with the results expected by the credit channel. Jyh-Lin Wu 吳致寧 2011 學位論文 ; thesis 60 zh-TW |
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zh-TW |
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Others
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碩士 === 國立中山大學 === 經濟學研究所 === 99 === This paper applies a Factor-Augmented VAR model proposed by Bernanke, Boivin and Eliasz (2005) to measure the impact of the monetary policy in Taiwan. Our empirical results show that, first, the more the factors added in the benchmark VAR, the more we can explain the price puzzle problem. Second, the effect of the tightening in the monetary policy (the increase in the interbank overnight lending rate) is inconsistent with the results expected by the credit channel.
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| author2 |
Jyh-Lin Wu |
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Jyh-Lin Wu I-Ching Chu 朱逸卿 |
| author |
I-Ching Chu 朱逸卿 |
| spellingShingle |
I-Ching Chu 朱逸卿 The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| author_sort |
I-Ching Chu |
| title |
The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| title_short |
The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| title_full |
The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| title_fullStr |
The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| title_full_unstemmed |
The Impact of The Monetary Polciy in Taiwan-A FAVAR Model Approach |
| title_sort |
impact of the monetary polciy in taiwan-a favar model approach |
| publishDate |
2011 |
| url |
http://ndltd.ncl.edu.tw/handle/37806025315451678534 |
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