Empirical Analysis Of Monetary Transmission Mechanism In ...
Iqbal, Muhammad Arslan
Monetary transmission mechanism is extremely important for central bank of every country to conduct an effective monetary policy. Monetary policy of developing countries i.e. Pakistan are constrained by international economic institutions. This research work investigates the nature and strength of monetary transmission mechanism and its channels by considering the external constraints on the monetary policy of Pakistan. VAR model with exogenou...