The Channels of Monetary Transmission: Lessons for Monetary Policy

This paper provides an overview of the transmission mechanisms of monetary policy, starting with traditional interest rate channels, going on to channels operating through other asset prices, and then on to the so-called credit channels. The paper then discusses the implications from this literature for how central banks might best conduct monetary policy.

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Year of publication:	1996-02
Authors:	Mishkin, Frederic
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EFG ME published as Banque de France: Bulletin: Digest, no. 27, pp. 33-44, March 1996 Number 5464
Classification:	E0 - Macroeconomics and Monetary Economics. General ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005710291