Thesis Open Access
ZERAYEHU SIME
<?xml version='1.0' encoding='utf-8'?> <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:adms="http://www.w3.org/ns/adms#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:dctype="http://purl.org/dc/dcmitype/" xmlns:dcat="http://www.w3.org/ns/dcat#" xmlns:duv="http://www.w3.org/ns/duv#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:frapo="http://purl.org/cerif/frapo/" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:gsp="http://www.opengis.net/ont/geosparql#" xmlns:locn="http://www.w3.org/ns/locn#" xmlns:org="http://www.w3.org/ns/org#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:prov="http://www.w3.org/ns/prov#" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:schema="http://schema.org/" xmlns:skos="http://www.w3.org/2004/02/skos/core#" xmlns:vcard="http://www.w3.org/2006/vcard/ns#" xmlns:wdrs="http://www.w3.org/2007/05/powder-s#"> <rdf:Description rdf:about="https://doi.org/10.20372/nadre:2936"> <rdf:type rdf:resource="http://www.w3.org/ns/dcat#Dataset"/> <dct:type rdf:resource="http://purl.org/dc/dcmitype/Text"/> <dct:identifier rdf:datatype="http://www.w3.org/2001/XMLSchema#anyURI">https://doi.org/10.20372/nadre:2936</dct:identifier> <foaf:page rdf:resource="https://doi.org/10.20372/nadre:2936"/> <dct:creator> <rdf:Description> <rdf:type rdf:resource="http://xmlns.com/foaf/0.1/Agent"/> <foaf:name>ZERAYEHU SIME</foaf:name> </rdf:Description> </dct:creator> <dct:title>HOW CENTRAL BANK RESPONDS TO MACROECONOMIC SHOCKS? SPECIFICATION, ESTIMATION AND ANALYSIS OF MONETARY POLICY REACTION FUNCTION: THE CASE OF ETHIOPIA (1991-2005)</dct:title> <dct:publisher> <foaf:Agent> <foaf:name>Zenodo</foaf:name> </foaf:Agent> </dct:publisher> <dct:issued rdf:datatype="http://www.w3.org/2001/XMLSchema#gYear">2006</dct:issued> <dct:issued rdf:datatype="http://www.w3.org/2001/XMLSchema#date">2006-07-01</dct:issued> <owl:sameAs rdf:resource="https://nadre.ethernet.edu.et/record/2936"/> <adms:identifier> <adms:Identifier> <skos:notation rdf:datatype="http://www.w3.org/2001/XMLSchema#anyURI">https://nadre.ethernet.edu.et/record/2936</skos:notation> <adms:schemeAgency>url</adms:schemeAgency> </adms:Identifier> </adms:identifier> <dct:isVersionOf rdf:resource="https://doi.org/10.20372/nadre:2935"/> <dct:isPartOf rdf:resource="https://nadre.ethernet.edu.et/communities/aau"/> <dct:isPartOf rdf:resource="https://nadre.ethernet.edu.et/communities/zenodo"/> <dct:description><p>This paper presents a model of monetary policy in Ethiopia after financial liberalization policy adopted. It is<br> designed to identify both the goals and pattern of policy with the two major aims: firstly to know the way<br> how National Bank of Ethiopia systematically responds to macroeconomic shocks and secondly to evaluate<br> the performance monetary policy against its initial objective including assessment of gap analyses in<br> monetary policy frame work.<br> Hence, the model demonstrates that the National Bank of Ethiopia chooses the domestic credit as the most<br> appropriates indicator of monetary policy with the determinants of net foreign assets, consumer price index,<br> fiscal gap, real effective exchange rate and Gross Domestic Products to formulate the reaction function. On<br> top of this the empirical results explain that domestic credit has strong long run &amp; positive relation with net<br> foreign assets &amp; to real Gross Domestic Product. But it has short run relation with consumer price index,<br> real effective exchange rate and real Gross Domestic Product at different lag structure. The NBE followed a<br> combination of both accommodating and stabilization monetary policy. The Coefficients of equilibrating<br> error terms, ECM suggest that the speed of adjustment/ feed back effect towards the long run equilibrium<br> takes many years for full adjustment when there is a shock in the system, indicating the longer lags structure<br> and undeveloped financial sectors resulted in obstacles for the effectiveness of monetary policy</p></dct:description> <dct:accessRights rdf:resource="http://publications.europa.eu/resource/authority/access-right/PUBLIC"/> <dct:accessRights> <dct:RightsStatement rdf:about="info:eu-repo/semantics/openAccess"> <rdfs:label>Open Access</rdfs:label> </dct:RightsStatement> </dct:accessRights> <dcat:distribution> <dcat:Distribution> <dct:rights> <dct:RightsStatement rdf:about="http://www.opendefinition.org/licenses/cc-by"> <rdfs:label>Creative Commons Attribution</rdfs:label> </dct:RightsStatement> </dct:rights> <dcat:accessURL rdf:resource="https://doi.org/10.20372/nadre:2936"/> </dcat:Distribution> </dcat:distribution> <dcat:distribution> <dcat:Distribution> <dcat:accessURL rdf:resource="https://doi.org/10.20372/nadre:2936"/> <dcat:byteSize>703474</dcat:byteSize> <dcat:downloadURL rdf:resource="https://nadre.ethernet.edu.et/record/2936/files/f1050934072_Microsoft_Word_Congratualtion111.pdf"/> <dcat:mediaType>application/pdf</dcat:mediaType> </dcat:Distribution> </dcat:distribution> </rdf:Description> </rdf:RDF>
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