Symposium on the Monetary Transmission Mechanism
Frederic S. MishkinExecutive Vice President and Director of Research at the Federal Reserve Bank of New York, New York, New York; A. Barton Hepburn Professor of Economics and Finance, Graduate School of Business, Columbia University, New York, New York; Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts
1995en
ABI
Annotatsiya
Understanding of monetary transmission mechanisms is crucial to answering a broad range of questions. These transmission mechanisms include interest-rate effects, exchange-rate effects, other asset price effects, and the so-called credit channel. This introduction to the symposium provides an overview of the main types of monetary transmission mechanisms found in the literature and a perspective on how the papers in the symposium relate to the overall literature and to each other.
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