Symposium on the Monetary Transmission Mechanism
Frederic S. Mishkin
Abstract
Frederic S. Mishkin
Abstract
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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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.
Key concepts: Mechanism (biology), Economics, Transmission (telecommunications), Perspective (graphical), Monetary transmission mechanism, Asset (computer security), Monetary economics, Exchange rate