Confp06i

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Interpreting a Monetary Conditions Index in economic policy Neil R. Ericsson, Eilev S. Jansen, Neva A. Kerbeshian and Ragnar Nymoen* Introduction The main purpose of this paper is to review ...

Filetype PDF | Posted on 02 Jan 2023 | 2 years ago

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...Interpreting a monetary conditions index in economic policy neil r ericsson eilev s jansen neva kerbeshian and ragnar nymoen introduction the main purpose of this paper is to review interpret use or mci by central banks conduct numerous governmental organizations businesses now calculate an as indicator stance two those for canada new zealand their mcis operational targets describes defines concept summarizes how implement practice reviews some conceptual issues involved evaluates sensitivity inherent source uncertainty calculation empirically typically results that are uninformative indicators so possible alternatives briefly considered several weighted average changes interest rate exchange relative values base period weights on reflect estimated effects variables aggregate demand over often approximately years currently used short run has attractive features its motivation simple rates influence especially small open economies thus focusing well may be important understanding econom...

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Posted on: 02 Jan 2023 | 2 years ago
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