Using 45 studies conducted between 2001 and 2014, this paper employs a meta-regression analysis (MRA) to synthesize vector-autoregressive findings of output effects of a tightening in monetary policy in 32 emerging and developing countries. The outcomes indicate a publication bias. However, tightening of monetary policy has a negative real effect on output. Primary studies including commodity price variable(s) tend to report stronger negative effects. Output effects are likely to be more negative in an economy with a developed financial system and less effective in an economy with high inflation volatility.
Using monthly data, we perform a vector-autoregressive analysis to measure the effects of monetary policy on the Vietnamese economy. We concentrate our attention on the period following the introduction of the Law on Central Bank in January 1998 (which brought the national monetary policy and its objectives in line with international practices). Contrary to previous studies on Vietnam, we find evidence suggesting that monetary policy (through the manipulation of interest rates) is an effective policy tool in stabilizing prices. However, credit growth tends to induce inflationary pressures. In addition, we find that an expansion of broad money supply leads to an increase in industrial production.
This study focuses on assessing the progress towards SDGs in terms of the People aspect in Viet Nam by provincial level over the years. We quantify the implementation of the sustainable goals with respect to the People pillar in 25 provinces in Northern Vietnam over the last decade. The research results show that, in general, there has been much progress in the last many years. However, the performances are uneven across provinces. There is a large gap between the provinces in the Northern key industrial economic zone (NKEZ) and the mountainous areas. The results of this research can contribute to the development of a monitoring program, providing the information needed for policymakers to make decisions and develop policies that are appropriate and effective to achieve those sustainable development goals for industrial development in Vietnam.
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