Monetary transmission: what do we know and how can we use it?
Year: 2013
Type: article
Abstract: The existence of a considerable and varying time lag between the actions by the central bank in adjusting its policy instruments and the effects on the respective target variable is widely acknowledged. As a result, the monetary policy maker needs to take a forward-looking approach in decision-making. A survey is undertaken of the possible channels of monetary transmission, and the problems faced by the imperfect knowledge of the policy maker about the transmission mechanism. JEL Codes: E02, E52
Author: BERK, J.M.
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2173214239