Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2010-04-21
Number: 10-043/3
Author-Name: Masagus M. Ridhwan
Author-Workplace-Name: VU University Amsterdam, Bank Indonesia
Author-Name: Henri L.F. de Groot
Author-Workplace-Name: VU University Amsterdam
Author-Name: Peter Nijkamp
Author-Workplace-Name: VU University Amsterdam
Title: The Impact of Monetary Policy on Economic Activity - Evidence from a Meta-Analysis
Abstract: This paper presents the findings a meta-analysis identifying the causes of variation in the impact of monetary policies on economic development. The sample of observations included in our meta-analysis is drawn from primary studies that uniformly employ Vector Autoregressive (VAR) models. Our findings reveal that capital intensity, financial deepening, the inflation rate, and economic size are important in explaining the variation in outcomes across regions and over time. Differences in the type of models used in the primary studies also significantly contribute to the explanation of the variation in study outcomes.
Classification-JEL: E52, R11, C83
Keywords: Monetary policy, Economic development, Meta-analysis
File-Url: https://papers.tinbergen.nl/10043.pdf
File-Format: application/pdf
File-Size: 279969 bytes
Handle: RePEc:tin:wpaper:20100043