Monetary transmission: what do we know and how can we use it?
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-makin...
| 出版年: | PSL Quarterly Review |
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| 第一著者: | |
| フォーマット: | 論文 |
| 言語: | 英語 |
| 出版事項: |
Associazione Economia civile
2013-10-01
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| 主題: | |
| オンライン･アクセス: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10594 |
| 要約: | 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
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| ISSN: | 2037-3635 2037-3643 |