Economics, Econometrics and Finance
2 years ago

Interest rates and credit crucial, exchange rates and asset prices gaining importance in Namibia's monetary policy transmission.

Journal of Economics and Behavioral Studies
Monetary Policy Transmission Mechanism in Namibia: A Bayesian VAR Approach
Johannes P S Sheefeni

Paper Summary

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The article examines how monetary policy works in Namibia by looking at different ways it affects the economy. The researchers used a special statistical method to analyze data from 2000 to 2016. They found that changing interest rates and credit availability still play a big role in how monetary policy affects the economy. But now, changes in exchange rates and asset prices are also starting to have an impact. This information is important for the Central Bank of Namibia to keep the financial system stable, especially in a world where financial crises can happen.