The Channels of Monetary Transmission: Lessons for Monetary Policy
作者： Frederic Mishkin
DOI: 10.3386/W5464
关键词:
摘要: This paper provides an overview of the transmission mechanisms monetary policy, starting with traditional interest rate channels, going on to channels operating through other asset prices, and then so-called credit channels. The discusses implications from this literature for how central banks might best conduct policy.
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