The Transmission Process

Allan Meltzer

Chapter 3 in The Monetary Transmission Process, 2001, pp 112-130 from Palgrave Macmillan

Abstract: Abstract I must confess some vested interests in this topic. I first discussed it in a paper with Karl Brunner, more than thirty-five years ago (Brunner and Meltzer, 1963). I have returned to the topic many times, most recently in a published symposium (Meltzer, 1995). I will refrain from reviewing these earlier studies, although I will refer in passing to some of the main ideas. I will concentrate on two topics. They do not exhaust the subject, but they raise issues that I believe are central.

Keywords: Interest Rate; Monetary Policy; Central Bank; Federal Reserve; Real Interest Rate (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230595996_4

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