Symposium on the Monetary Transmission Mechanism
本文是研讨会导言,概述了文献中主要的货币传导机制类型,包括利率、汇率、资产价格和信贷渠道,并说明各篇论文之间的关系。
Understanding of monetary transmission mechanisms is crucial to answering a broad range of questions. These transmission mechanisms include interest-rate effects, exchange-rate effects, other asset price effects, and the so-called credit channel. This introduction to the symposium provides an overview of the main types of monetary transmission mechanisms found in the literature and a perspective on how the papers in the symposium relate to the overall literature and to each other.