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Title: The analysis of the effect of monetary policy on consumption and investment in Thailand
Authors: Jirawan Suwannajak
Woraphon Yamaka
Songsak Sriboonchitta
Roengchai Tansuchat
Keywords: Computer Science
Issue Date: 1-Jan-2018
Abstract: © 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.
ISSN: 1860949X
Appears in Collections:CMUL: Journal Articles

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