The impact of monetary policy on economic growth in America's economy using a new approach tvp-favar
This article explores the impact of monetary policy on Economic Growth of the state. There is an immense effect of monetary policy on Economic Growth of U.S.A. In this regard variables have been studied to prove the hypothesis. The data of past 47 years from 1970 to 2016 has been used for driving the result. To determine the relationship between two Monetary Policy on Economic Growth TVP-FAVR technique has been used. Based on the results of economic growth in the short term, medium term and long term positive impact on economic growth. Interest rates on short-term, medium-term and long-term impact on economic growth as negative, positive, increase and decrease. Inflation in the short term, medium term and long term has positive impact on economic growth by decreasing weak, weak positive of reducing dwindling.
Akujobi, L. E. (2012). Monetary Policy and Nigeria’s Economic Development. African Research Review, Vol 4(4). Pp. 153-161.
Antúnez J.V.V., Bello M. (2014). Ética para una sociedad global: la bioética, puente para el giro tecnocientífico. REVISTA LASALLISTA DE INVESTIGACIÓN, Vol. 11 (1). Pp. 70-77.
Bernhard, O. I. (2013). Monetary transmission mechanism in Nigeria: Causality test. Mediterranean Journal of Social Sciences. Vol 4(13). Pp. 377-388.
Gul, H., Mughal, K., & Rahim, S. (2012). Linkage between Monetary Instruments and Economic Growth. Universal Journal of Management and Social Sciences, 2(5), 69-76z
Ogunjimi, S.O (1997). Public finance: Bida, Lekem Production.
Okoro, A. S. (2013). Impact of monetary policy on Nigeria Economic Growth. Prime Journal of Social Sciences. Vol. 2 (2). Pp. 195-199.
Okwo, I. M. Eze, F. & Nwoha, C. Evaluation of monetary policy outcomes and its effect on price stability in Nigeria. Research Journal Finance and Accounting. Vol.3 (11). Pp 37-47.
Onyeiwu, C. (2012). Monetary policy and economic growth of Nigeria. Journal of Economic and Sustainable Development. Vol. 3(7). Pp. 62-70.
Owalabi, A. U. & Adegbite, T. A. (2014). Impact of monetary policy on industrial growth in Nigeria. International Journal of Academic Research in Business and Social Sciences, Vol. 4 (1), Pp 18-31.
Tahavieva F.R., Nigmatullina I.A. (2017). Speech-communicative function in the structure of predictive competence of young schoolchildren with musculoskeletal disorders, Astra Salvensis, Supplement No. 10, p. 315-322.
Umaru, A. & Zubairu A. A. (2012). Effect of inflation on the growth and development of the Nigerian economy (An empirical analysis). International Journal of Business and Social Science Vol. 3 (10). Pp.183-193.