Solomon Islands paper investigates monetary policy transmission mechanism
Second paper in new series examines role of M1 and exchange rate on inflation and output
A new working paper from the Central Bank of Solomon Islands – the second ever published on its website, following the launch of its economic research webpage on Monday – examines the impact of changes in the monetary aggregate (M1) and the exchange rate on output and inflation via the bank lending rate in the Solomon Islands.
Understanding the monetary policy transmission mechanism of Solomon Islands, by Kenneth Especkerman-True, Patricia Samani and Vitarina Takana, finds that exchange rate
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