01796cas a2200265 a 4500 AALejournalIMF008968 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863086 1018-5941 BD-DhAAL BD-DhAAL Poddar, Tushar. The Monetary Transmission Mechanism in Jordan / Tushar Poddar, Hasmik Khachatryan, Randa Sab. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines monetary transmission in Jordan using the vector autoregressive approach. We find that the real 3-month CD rate, the Central Bank's operating target, affects bank retail rates and that monetary policy, measured by the spread between the 3-month CD rate and the U.S. Federal Funds rate, is effective in influencing foreign reserves. We do not find evidence of monetary policy affecting output. Output responds very little to changes in bank lending rates. Furthermore, equity prices and the exchange rate are not significant channels for transmitting monetary policy to economic activity. The effect of monetary policy on the stock market seems insignificant. Mode of access: Internet Khachatryan, Hasmik. Sab, Randa. IMF Working Papers; Working Paper ; No. 2006/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/048/001.2006.issue-048-en.xml IMF e-Library