Monetary transmission: what do we know and how can we use it?

J.M. Berk
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J.M. Berk: De Nederlandsche Bank

BNL Quarterly Review, 1998, vol. 51, issue 205, 145-170

Abstract: The existence of a considerable and varying time lag between the actions by the central bank in adjusting its policy instruments and the effects on the respective target variable is widely acknowledged. As a result, the monetary policy maker needs to take a forward-looking approach in decision-making. A survey is undertaken of the possible channels of monetary transmission, and the problems faced by the imperfect knowledge of the policy maker about the transmission mechanism.

Keywords: Monetary transmission; Monetary policy; Currency devaluation (search for similar items in EconPapers)
JEL-codes: E02 E52 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (2)

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