GTAP Resources: Resource Display
| GTAP Resource #5173 |
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"Asymmetric Monetary Policy Effects And Unemployment Hysteresis in Nigeria" by Tule, Moses, Moses Oduh, Charles Chiemeke, Christina Ndukwe and Sikiru Abedemi Abdulsalam Abstract One of the prominent approaches of determining whether monetary policy effects creates transitory probabilities from recession to expansion is the Hamilton (1989)'s Markov Switching (MS) methodology. This methodology allows the researcher to analyze if monetary policy changes have different effects on the various stages of business cycles. The major purpose of this paper, therefore, is to analyze the existence of asymmetric monetary policy shocks on real economic activity. Specifically, it examines if the effects of monetary policy are different at various stages of the business cycle. It also provides effects of monetary policy on credit, liquidity and output growth. A combination of Dynamic Schocastic General Equilibrium Model (DSGE) and General Equilibrium Model techniques will be applied in the study. |
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- Baseline development - Calibration and parameter estimation - Dynamic modeling - Model validation and sensitivity analysis - Software and modeling tools - Economic analysis of poverty - Economic crisis - Economic development - Africa (West) - European Union |
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Last Modified: 9/15/2023 2:05:45 PM
