Monetary policy functions and transmission mechanisms: an overview

Monetary policy functions and transmission mechanisms: an overview

Monetary policy comprises the rules and actions adopted by the central bank to achieve its objectives. In most countries the primary goal of monetary policy is price stability. However, the mandate of many central banks also encompasses other objectives, including attainment of fullemployment, domes...

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Autores principales: Loayza O., Norman, Schmidt-Hebbel, Klaus
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
POLÍTICA MONETARIA
BANCOS CENTRALES
PRECIOS
Acceso en línea:https://hdl.handle.net/20.500.12580/3649
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spelling oai-20.500.12580-36492021-04-24T10:57:40Z Monetary policy functions and transmission mechanisms: an overview Loayza O., Norman Schmidt-Hebbel, Klaus POLÍTICA MONETARIA BANCOS CENTRALES PRECIOS Monetary policy comprises the rules and actions adopted by the central bank to achieve its objectives. In most countries the primary goal of monetary policy is price stability. However, the mandate of many central banks also encompasses other objectives, including attainment of fullemployment, domestic financial stability, and normal operation of foreign payments. The priority of price stability over other policy goals tends to be politically accepted in most countries, if not actually enshrined in the laws governing the central bank. 2019-11-01T00:01:21Z 2019-11-01T00:01:21Z 2002 Artículo 956-7421-099 https://hdl.handle.net/20.500.12580/3649 eng Serieson Central Banking, Analysis, and Economic Policies, no. 4 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 01-20 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic POLÍTICA MONETARIA
BANCOS CENTRALES
PRECIOS
spellingShingle POLÍTICA MONETARIA
BANCOS CENTRALES
PRECIOS
Loayza O., Norman
Schmidt-Hebbel, Klaus
Monetary policy functions and transmission mechanisms: an overview
description Monetary policy comprises the rules and actions adopted by the central bank to achieve its objectives. In most countries the primary goal of monetary policy is price stability. However, the mandate of many central banks also encompasses other objectives, including attainment of fullemployment, domestic financial stability, and normal operation of foreign payments. The priority of price stability over other policy goals tends to be politically accepted in most countries, if not actually enshrined in the laws governing the central bank.
format Artículo
author Loayza O., Norman
Schmidt-Hebbel, Klaus
author_facet Loayza O., Norman
Schmidt-Hebbel, Klaus
author_sort Loayza O., Norman
title Monetary policy functions and transmission mechanisms: an overview
title_short Monetary policy functions and transmission mechanisms: an overview
title_full Monetary policy functions and transmission mechanisms: an overview
title_fullStr Monetary policy functions and transmission mechanisms: an overview
title_full_unstemmed Monetary policy functions and transmission mechanisms: an overview
title_sort monetary policy functions and transmission mechanisms: an overview
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3649
work_keys_str_mv AT loayzaonorman monetarypolicyfunctionsandtransmissionmechanismsanoverview
AT schmidthebbelklaus monetarypolicyfunctionsandtransmissionmechanismsanoverview
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