The monetary transmission mechanism

Peter Ireland

The monetary transmission mechanism describes how policy-induced changes in the nominal money stock or the short-term nominal interest rate impact real variables such as aggregate output and employment. Specific channels of monetary transmission operate through the effects that monetary policy has on interest rates, exchange rates, equity and real estate prices, bank lending, and firm balance sheets. Recent research on the transmission mechanism seeks to understand how these channels work in the context of dynamic, stochastic, general equilibrium models.

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Year of publication:	2006 ; This version: November 2005
Other Persons:	Ireland, Peter N. (contributor)
Publisher:	Boston, Mass. : Federal Reserve Bank of Boston
Subject:	Geldpolitische Transmission \| Monetary transmission \| Geldpolitik \| Monetary policy \| Geldmenge \| Money supply \| Zins \| Interest rate \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 13 S., 251,48 KB)
Series:	Working papers / Federal Reserve Bank of Boston. - Boston, Mass. : [Verlag nicht ermittelbar], ZDB-ID 2180749-8. - Vol. 06,01
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/55659 [Handle]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003286725