Transmission Channels of Monetary Policy: A Broader View

Transmisní kanály měnové politiky: širší pohled

Lukáš Kučera

Acta Oeconomica Pragensia, 2016, vol. 2016, issue 4, 59-70

Abstract: The paper deals with a transmission mechanism of monetary policy under the regime of inflation targeting. It focuses on the expectations channel, the credit view and the cost channel. These channels work side by side and may amplify effects of the traditional view of transmission mechanisms of monetary policy, which emphasises adjustments on the demand side.

Keywords: channels of monetary policy; interest rate; inflation expectations; credit view; cost channel (search for similar items in EconPapers)
JEL-codes: E44 E51 E52 O16 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.18267/j.aop.545

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