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Using The Bayesian Var In Monetary Policy Analysis: A Literature Review

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  • MARGARIT MONICA-IONELIA

    (DOCTORAL SCHOOL OF ECONOMIC SCIENCES, UNIVERSITY OF CRAIOVA, CRAIOVA, ROMANIA)

Abstract

During time, the global economy has been the subject to certain events that have drastically changed the attitude of central banks and have had significant effects on the economic environment. This article aims to conduct a literature survey in order to identify the main models used for analyzing the monetary policy transmission. In this regard we found that the largest part of the literature focuses on studying the monetary policy influences in the United State of America or in the European Monetary Union. Therefore, this paper tries to emphasize the most important studies carried out on the East European countries, especially the ones made using the Bayesian VAR analysis for the Romanian economy.

Suggested Citation

  • Margarit Monica-Ionelia, 2022. "Using The Bayesian Var In Monetary Policy Analysis: A Literature Review," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 212-216, February.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:1:p:212-216
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    References listed on IDEAS

    as
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    2. Coricelli, Fabrizio & Égert, Balázs & MacDonald, Ronald, 2006. "Monetary transmission mechanism in Central and Eastern Europe: gliding on a wind of change," BOFIT Discussion Papers 8/2006, Bank of Finland Institute for Emerging Economies (BOFIT).
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