期刊名称：International Journal of Economics and Empirical Research (IJEER)
印刷版ISSN：2311-3871
电子版ISSN：2310-5232
出版年度：2015
卷号：3
期号：12
页码：568-576
出版社：The Economics and Social Development Organization (TESDO)
摘要：Purpose: This paper analyses the monetary policy transmission in the experience of four emerging countries (Chili, Russia, Mexico and Turkey).Methodology: The paper uses the vector autoregressive model (VAR). Findings: The result of the empirical study is that exchange rate channel is effective for the monetary policy transmission mechanism in Turkey. In Russia, Chile and Mexico this channel is low. Recommendations: The interest rate channel is particularly limited in all countries.
关键词：Monetary policy; Transmission mechanism; Emerging countries
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