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

  • J.M. BERK

    (De Nederlandsche Bank)

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

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

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    Handle: RePEc:psl:bnlqrr:1998:23
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