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The Channels of Monetary Transmission: Lessons for Monetary Policy

The Channels of Monetary Transmission: Lessons for Monetary Policy,Frederic S. Mishkin

The Channels of Monetary Transmission: Lessons for Monetary Policy   (Citations: 80)
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This paper provides an overview of the transmission mechanisms of monetary policy, starting with traditional interest rate channels, going on to channels operating through other asset prices, and then on to the so-called credit channels. The paper then discusses the implications from this literature for how central banks might best conduct monetary policy.<br><br>Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at <a href="http://www.&#110;ber.org/papers/&#119;5464" TARGET="_blank">www.nber.org.</a><br>
Published in 1996.
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