The monetary transmission mechanism and the evaluation of monetary policy rules
This paper explores the connection between the monetary transmission mechanism -the channel through which a change in monetary policy affects the economy- and the choice of monetary policy rules to guide central bank decisions. Differente views of the monetary transmission mechanism are readily appa...
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| Formato: | Artículo |
| Lenguaje: | eng |
| Publicado: |
Banco Central de Chile
2019
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| Acceso en línea: | https://hdl.handle.net/20.500.12580/3650 |
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| Sumario: | This paper explores the connection between the monetary transmission mechanism -the channel through which a change in monetary policy affects the economy- and the choice of monetary policy rules to guide central bank decisions. Differente views of the monetary transmission mechanism are readily apparent in the many different models that menetary economists use to evaluate monetary policy. |
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