Monetary Policy Transmission in Vietnam: Evidence From A VAR Approach
14 Pages Posted: 18 Aug 2014 Last revised: 11 Oct 2014
Date Written: August 18, 2014
A thorough understanding of transmission mechanism is a key for central bank in implementing monetary policy successful. We use VAR model with monthly data from 2003M1 to 2012M12 to investigate the existence of interest rate channel, exchange rate channel and asset price channel in Vietnam. We find evidence of cost channel, meanwhile exchange rate channel and asset price channel are not existed in Vietnam.
Keywords: monetary policy transmission, VAR, cost channel
JEL Classification: E52, E58, G28
Suggested Citation: Suggested Citation