Notas sobre Mecanismos de Transmissão da Política Monetária
Some Notes on the Monetary Policy Transmission Mechanisms
Eduardo Strachman ()
MPRA Paper from University Library of Munich, Germany
The article aspires to understand the monetary policy transmission mechanisms and whether they result in the aimed effects. We define and detail these monetary policy transmission mechanisms, showing some recent changes in monetary economics. We emphasize that modern CBs use interests as their fundamental mechanism for monetary policies, instead of goals for some monetary aggregates. We clarify the transmission channels of monetary policies, exposing the differentiated effectiveness of the monetary policy transmission mechanisms, according to the phase of the business cycle, analyzing impacts and endogeneity of risks in relation to these phases, without leading to an optimum
Keywords: Monetary Economics; Monetary Policy, Transmission Mechanisms (search for similar items in EconPapers)
JEL-codes: E44 E5 E58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:72856
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