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Monetary policy in a model with commodity and financial market

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  • Ruthira Naraidoo
  • Vo Phuong Mai Le

Abstract

This paper builds a small open economy model for a net commodity exporter to consider financial frictions and monetary policies in order to investigate the main determinants of business cycles. Since we make a distinction to the access of financial markets between the commodity and non-commodity sectors, we notice that as usual, a commodity price […]

Suggested Citation

  • Ruthira Naraidoo & Vo Phuong Mai Le, 2019. "Monetary policy in a model with commodity and financial market," Working Papers 782, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:782
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    More about this item

    Keywords

    business analysis; Commodity prices; Emerging economies; emerging markets; Firms and Development; Monetary Policy; South Africa;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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