Abstract
dc:description.abstractThis thesis presents three applied pieces of research on monetary and financial economics. Using new advances in multivariate time-series models, I investigate the effects of monetary policy in a) the real economy and b) the credit channel of monetary policy transmission. However, this methodology, in particular, the factor-augmented vector autoregression, is very flexible. It can be used to analyze dynamic systems, allowing researchers to analyze micro-markets and extract conclusions about their agents. This thesis presents (i) a quantitative assessment of the heterogeneous effects of the monetary policy across countries in a currency area, (ii) evidence of the time variation of the credit channel and (iii) the effects of the interactions among banks in a payment system on funding patterns.
Degree
thesis:*- Name dc:type.qualificationname
- phd
- Level dc:type.qualificationlevel
- doctoral
- Grantor dc:publisher.institution
- University of Essex
- Year dc:date.issued
- 2019
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Gavilan-Rubio, Miguel A
Subjects
dc:subject × 3Rights
- Language dc:language
- en