Arbeitspapier
The monetary transmission mechanism
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.
- Language
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Englisch
- Bibliographic citation
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Series: Working Papers ; No. 06-1
- Classification
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Wirtschaft
Monetary Policy
- Subject
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Transmissionsmechanismus
Geldpolitik
Geldmenge
Zins
Theorie
- Event
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Geistige Schöpfung
- (who)
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Ireland, Peter N.
- Event
-
Veröffentlichung
- (who)
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Federal Reserve Bank of Boston
- (where)
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Boston, MA
- (when)
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2006
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ireland, Peter N.
- Federal Reserve Bank of Boston
Time of origin
- 2006
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