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Record W3199868836

Transmisija monetarne politike na realna ekonomska kretanja

2020· dissertation· sr· W3199868836 on OpenAlex
Jelena Obradović

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

aboutThe title or abstract carries a Canadian signal from the geographic lexicon.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueNational Repository of Dissertations in Serbia · 2020
Typedissertation
Languagesr
FieldEconomics, Econometrics and Finance
TopicRegional Development and Management Studies
Canadian institutionsnot available
Fundersnot available
KeywordsMonetary policyEconomicsInflation targetingMonetary hegemonyMonetary baseMonetary economicsCredit channelInflation (cosmology)Order (exchange)Vector autoregressionMacroeconomicsFinance
DOInot available

Abstract

fetched live from OpenAlex

Central banks of the countries, by performing their basic functions, contribute to the well-being of the entire economy. One of their major functions is to conduct a monetary policy that influences both the economy and the population. This process takes place through monetary transmission channels. The effectiveness of monetary transmission channels varies between countries and it is conditioned by a number of factors that characterize the country's economic and financial system. In accordance with these factors, the monetary authorities make the choice of an adequate monetary strategy. Each monetary strategy has a number of advantages and disadvantages. In today's context, a large number of countries have chosen an inflation targeting strategy because of a number of positive macroeconomic effects, as is the case in the countries which are analyzed in this paper.\nIn order to achieve monetary policy goals that are set, the central bank takes certain measures and uses monetary policy instruments. Using monetary policy instruments, the central bank has effects on macroeconomic flows. However, these instruments influence indirectly and with some time delay on predefined goals. One of the most common goals is price stability. Because of these limitations in the operation of monetary policy it is essential to identify the monetary transmission channels in each country, so creators could determine the optimal monetary regime and could predict the impact of monetary policy on the real economy.\nIn this paper, using the vector autoregression model (VAR model), we performed an analysis of the efficiency of monetary transmission channels in selected developed and developing countries (United Kingdom, Canada, United States of America (USA), Mexico, Chile, Brazil and Serbia). This empirical analysis enabled to determine the dominant monetary transmission channels in observed countries. The results of the analysis provide guidance in taking the necessary steps to the monetary authorities, so it can reduce the time lag and eliminate restrictions on the transmission of monetary impulses to real economic quantities. However, it should be borne in mind that the efficiency of monetary transmission channels not only varies between countries, but also changes over time within a country, depending on changes in the economic system.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.780
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.030
GPT teacher head0.256
Teacher spread0.226 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it