The Effectiveness of Monetary Policy Channels on Impacting Economic Growth in Yemen
##plugins.themes.bootstrap3.article.main##
Abstract
This study aimed to assess the effectiveness of monetary policy channels in transmitting the impact of monetary policy on economic growth in Yemen using a VAR model and annual data over the period 1990 -2016. The study included the variable of the economic growth rate, in addition to four variables that represent the monetary transmission channels, namely: the channel of monetary (M1), the channel of interest rate (IR), the channel of the exchange rate (DEXR), and the channel of bank lending (LOANS). The empirical results showed the importance of both the channel of monetary and exchange rate in impacting economic growth. It also showed that the channel of interest rate was less important, while the channel of bank lending was not important.
Downloads
##plugins.themes.bootstrap3.article.details##
Yemeni economy, monetary transmission mechanism, monetary policy, economic growth, VAR model
This work is licensed under a Creative Commons Attribution 4.0 International License.
JSS publishes Open Access articles under the Creative Commons Attribution (CC BY) license. If author(s) submit their article for consideration by JSS, they agree to have the CC BY license applied to their work, which means that it may be reused in any form provided that the author (s) and the journal are properly cited. Under this license, author(s) also preserve the right of reusing the content of their article provided that they cite the JSS.
