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The Monetary Transmission Process: Concluding Remarks

In: The Monetary Transmission Process

Author

Listed:
  • Otmar Issing

Abstract

In order to be successful in conducting monetary policy, central banks need to have a good understanding of the working of the economy, including an accurate assessment of the timing and the effects of changes in the policy instrument on inflation and economic activity — that is, the monetary transmission process (MTP). Such an assessment is necessary in order to tailor the policy response to unexpected developments in the economy and successfully maintain price stability.

Suggested Citation

  • Otmar Issing, 2001. "The Monetary Transmission Process: Concluding Remarks," Palgrave Macmillan Books, in: Deutsche Bundesbank (ed.), The Monetary Transmission Process, chapter 8, pages 283-314, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-59599-6_9
    DOI: 10.1057/9780230595996_9
    as

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