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Title: Essays in applied monetary and financial economics
Author: Gavilan-Rubio, Miguel A.
ISNI:       0000 0004 7962 8254
Awarding Body: University of Essex
Current Institution: University of Essex
Date of Award: 2019
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This 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.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: H Social Sciences (General) ; HB Economic Theory ; HG Finance