The analysis of the effect of monetary policy on consumption and investment in Thailand
© Springer International Publishing AG 2018. This study highlights on the analysis of Thai monetary policy transmission channels, i.e. interest rate, credit, exchange rate, and asset price channels, to private consumption and private investment. The analytical methods are Time Varying Parameter Vect...
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th-cmuir.6653943832-585442018-09-05T04:26:08Z The analysis of the effect of monetary policy on consumption and investment in Thailand Jirawan Suwannajak Woraphon Yamaka Songsak Sriboonchitta Roengchai Tansuchat Computer Science © Springer International Publishing AG 2018. This study highlights on the analysis of Thai monetary policy transmission channels, i.e. interest rate, credit, exchange rate, and asset price channels, to private consumption and private investment. The analytical methods are Time Varying Parameter Vector Autoregressive (TVP-VAR) with stochastic volatility, and its impulse response function. The results showed that the credit channel contribute the greatest impact on private consumption and investment. We also found that the effect of monetary policy to private consumption and investment are vary over time. 2018-09-05T04:26:08Z 2018-09-05T04:26:08Z 2018-01-01 Book Series 1860949X 2-s2.0-85037833601 10.1007/978-3-319-70942-0_46 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037833601&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/58544 |
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Chiang Mai University |
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Chiang Mai University Library |
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Thailand |
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CMU Intellectual Repository |
| topic |
Computer Science |
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Computer Science Jirawan Suwannajak Woraphon Yamaka Songsak Sriboonchitta Roengchai Tansuchat The analysis of the effect of monetary policy on consumption and investment in Thailand |
| description |
© Springer International Publishing AG 2018. This study highlights on the analysis of Thai monetary policy transmission channels, i.e. interest rate, credit, exchange rate, and asset price channels, to private consumption and private investment. The analytical methods are Time Varying Parameter Vector Autoregressive (TVP-VAR) with stochastic volatility, and its impulse response function. The results showed that the credit channel contribute the greatest impact on private consumption and investment. We also found that the effect of monetary policy to private consumption and investment are vary over time. |
| format |
Book Series |
| author |
Jirawan Suwannajak Woraphon Yamaka Songsak Sriboonchitta Roengchai Tansuchat |
| author_facet |
Jirawan Suwannajak Woraphon Yamaka Songsak Sriboonchitta Roengchai Tansuchat |
| author_sort |
Jirawan Suwannajak |
| title |
The analysis of the effect of monetary policy on consumption and investment in Thailand |
| title_short |
The analysis of the effect of monetary policy on consumption and investment in Thailand |
| title_full |
The analysis of the effect of monetary policy on consumption and investment in Thailand |
| title_fullStr |
The analysis of the effect of monetary policy on consumption and investment in Thailand |
| title_full_unstemmed |
The analysis of the effect of monetary policy on consumption and investment in Thailand |
| title_sort |
analysis of the effect of monetary policy on consumption and investment in thailand |
| publishDate |
2018 |
| url |
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037833601&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/58544 |
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