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Monetary transmission: what do we know and how can we use it?

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  • J.M. BERK

    (De Nederlandsche Bank)

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    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.

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10594/10478
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    Bibliographic Info

    Article provided by Banca Nazionale del Lavoro in its journal BNL Quarterly Review.

    Volume (Year): 51 (1998)
    Issue (Month): 205 ()
    Pages: 145-170

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    Handle: RePEc:psl:bnlaqr:1998:23

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    Related research

    Keywords: Monetary transmission; Monetary policy; Currency devaluation;

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    References

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    Cited by:
    1. Ramos, Raul & Clar, Miquel & Surinach, Jordi, 1999. "EMU: some unanswered questions," ERSA conference papers ersa99pa220, European Regional Science Association.

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