Table 1 Summary of key underpinning theories.
Variable of interest | Role | Underpinning theories |
|---|---|---|
Interest Channel of Monetary Policy Transmission | Explanatory variable | Keynes Quantity Theory of Money, Liquidity Preference theory of Interest Rate, and Friedman’s Modern Quantity Theory of Money |
Credit Channel of Monetary Policy Transmission | Explanatory variable | Loanable Funds theory and Theory of Financial Intermediation. |
Exchange Rate Channel of Monetary Policy Transmission | Explanatory variable | Mint Theory of Exchange Rate and Purchasing Power Parity Theory. |
Agricultural Sector Productivity | Outcome variable | Kuznet Economic Structure and Growth Theories |
Agricultural Sector Productivity | Outcome variable | Kuznet Economic Structure and Growth Theories |