Monetary Transmission Mechanisms

The Case of Azerbaijan

  • Shahriyar Mukhtarov
  • Hasan Selcuk
  • Elvin Mammadov
Keywords: Monetary Policy, Transmissin Mechanism, Central Banks, VECM, Azerbaijan

Abstract

The aim of this study is to investigate impacts of monetary policy transmission mechanisms on production and prices in theoritical way and to test functioning of monetary transmission channels in Azerbaijan economy. In this article, vector error correction model (VECM) is employed for short and long run  relationships in the period of 2001:4-2014:3. Results reveal that, both interest and credit channels are important, with a bit precedence of credit channel in comparison for Azerbaijan economy.

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İnternet Kaynakları

www.cbar.az

www.aba.az

www.azstat.org

Published
2016-01-22
How to Cite
Mukhtarov, S., Selcuk, H., & Mammadov, E. (2016). Monetary Transmission Mechanisms. International Journal of Research in Business and Social Science (2147- 4478), 5(2), 16-33. https://doi.org/10.20525/ijrbs.v5i2.287
Section
Articles