1995National Bureau of Economic ResearchOpen access

Inside the Black Box: The Credit Channel of Monetary Policy Transmission

Ben Bernanke, Mark Gertler

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Abstract

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Available abstract

© UOtC 2 ACU tO tJJQ OflLCC to cxcccq t/Io biibp uiA pc dnoicq iiqtponi cebJ!c!t bCLW!22!0U bLoAqGq tJJ1 4nfl CLCqW © j pA BGU urnujcc uq p.øLjc QCu4CL vn Lccucq 2po14 ccou oj txt uot 91.Q tOC 04, IPQ flJO12 uq uot tJJo2C o qc t!oIJJ BI1Lfl O4 ECOUOUJTC KQQLCIJ i.cicp bLo&w2 !IJ ECOUOW!C }Jf1CWOU mq JA4OIJGLLA cououjic uA ob!u!ou cxbLcq onuqou uq tpc ci 2w' cGulL bi.oArqcq uuucJ nbboi.rJpa bbci bi.t oj, k1BEK BONU 101X1!OJ! V's!! KIJAb uq 1CLCWA ttCUJ 4OL JJGjb4,flJ COwWIJt' jJJC t0U1J 2C!QUCC 1JU2!0U' JJJC IV02 11!2P i° LPJJJ J1UJ0WA LJOL I1CJC W!aPI! V1' VflCLPCP AJCJJCJ 1.t!CIC 2 bLcbmcq OL tJJC Offl.IJJ O4 ECOUOUJ!C bcLbt!Ac Awbo!r1w ou woucim.A irnic c"p'q wv o1 1020

Key concepts: Monetary policy, Channel (broadcasting), Black box, Transmission (telecommunications), Transmission channel, Credit channel, Economics, Monetary economics

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