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MEASURING THE EFFECTS OF MONETARY POLICY INNOVATIONS IN NIGERIA: A STRUCTURAL VECTOR AUTOREGRESSIVE (SVAR) APPROACH

Correctly identifying the effects of monetary policy innovations is necessary for good policy making. In this paper, we carry out a controlled experiment using a structural vector autoregression (SVAR) model to trace the effects of monetary policy shocks on output and prices in Nigeria. We make the assumption that the Central Bank cannot observe unexpected changes in output and prices within the same period. This places a recursive restriction on the disturbances of the SVAR. We conduct the experiment using three alternative policy instruments i.e. broad money (M2), Minimum Rediscount Rate (MR…

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	SSRN Electronic Journal
Date	2009-12-31
Type	preprint
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1534227_code1409802.pdf?abstractid=1534227&mirid=1
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W2167280335`

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MEASURING THE EFFECTS OF MONETARY POLICY INNOVATIONS IN NIGERIA: A STRUCTURAL VECTOR AUTOREGRESSIVE (SVAR) APPROACH. OpenAlex research, 2009. Vero Archive, record openalex:W2167280335.