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References in periodicals archive ?
For backward-looking coefficient a1 and impact of MCI a2, we take time series of monetary conditions index calculated by Qayyum (2002), Hyder and Khan (2007) and estimate following equation5
Table 5: Weights for Monetary Conditions Index (MCI)
Finally monetary conditions index (MCI) is constructed by utilising the weights that are estimated in the previous section.
This paper estimated Monetary Conditions Index (MCI) of inflation variable for Pakistan by using monthly data from June 1990 to June 2001.
Finally, apart from responding to current inflation and the lagged real exchange rate ([[pi].sub.t] + [gamma][e.sub.t-1]) as well as the output gap ([y.sub.t]), the monetary conditions index responds to the foreign rate of inflation.
(1996), "Hazards in implementing a monetary conditions index", Oxford Bulletin of Economics and Statistics, 58, 765-790.