Trade Openness and Monetary Policy in Ghana

被引：3
|
作者：
Ahiakpor, Ferdinand [1 ]
Cantah, William [1 ]
Brafu-Insaidoo, William [1 ]
Bondzie, Eric [1 ]
机构：
[1] Univ Cape Coast, Sch Econ, Cape Coast, Ghana
来源：
INTERNATIONAL ECONOMIC JOURNAL | 2019年 / 33卷 / 02期
关键词：
Inflation; monetary policy; output; trade openness; F0; 04; INFLATION; GROWTH;
D O I：
10.1080/10168737.2019.1610027
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study employed a Structural VAR model, using monthly time series data from 2002 to 2017 to assess the relationship between trade openness and effectiveness of monetary policy in Ghana. The empirical results revealed that as the degree of trade openness increases, monetary policy becomes more effective in reducing the rate of inflation. However, monetary policy is less effective to reduce the output gap. Therefore, the results suggest that monetary policy authorities must take into account the level of trade openness whenever they are formulating monetary policy.
引用
收藏
页码：332 / 349
页数：18
相关论文
共 50 条
  • [31] Monetary policy and the trade weighted dollar
    Warburton, Christopher
    [J]. STUDIES IN ECONOMICS AND FINANCE, 2013, 30 (02) : 80 - +
  • [32] TRADE CREDIT AND MONETARY POLICY - REJOINDER
    LIPSEY, RG
    BRECHLING, FPR
    [J]. ECONOMIC JOURNAL, 1966, 76 (301): : 165 - 167
  • [33] Trade Policy Uncertainty, Financial Frictions, and Monetary Policy
    Fan, Jingjing
    Shi, Feng
    Zhao, Junzhu
    Zhu, Jingming
    [J]. ANNALS OF ECONOMICS AND FINANCE, 2023, 24 (01): : 193 - 211
  • [34] Openness and the effectiveness of monetary policy: empirical evidence from Turkey
    Berument, H
    Dogan, B
    [J]. APPLIED ECONOMICS LETTERS, 2003, 10 (04) : 217 - 221
  • [35] Openness and the Effects of Monetary Policy on the Exchange Rates: An Empirical Analysis
    Isik, Nihat
    Acar, Mustafa
    Isik, H. Bayram
    [J]. JOURNAL OF ECONOMIC INTEGRATION, 2005, 20 (01) : 52 - 67
  • [36] Democracy, Trade Openness, and Agricultural Trade Policy in Southeast Asian Countries
    Laiprakobsup, Thanapan
    [J]. JAPANESE JOURNAL OF POLITICAL SCIENCE, 2014, 15 (03) : 465 - 484
  • [37] Monetary policy credibility and macrodynamics: evidence from Ghana
    Akosah, Nana Kwame
    Acquaye, Ivy
    Loloh, Francis White
    [J]. APPLIED ECONOMICS LETTERS, 2017, 24 (21) : 1567 - 1574
  • [38] Trade Openness and Environmental Policy Stringency: Quantile Evidence
    Kim, Dong-Hyeon
    Lin, Shu-Chin
    [J]. SUSTAINABILITY, 2022, 14 (06)
  • [39] Trade Policy in Multilevel Government: Organizing Openness.
    Ahmed, Faisal Z.
    [J]. PERSPECTIVES ON POLITICS, 2021, 19 (02) : 682 - 684
  • [40] Trade liberalization, wage inequality, and monetary policy
    Lechthaler, Wolfgang
    Mileva, Mariya
    [J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2024, 143
12345