Money and the transmission of monetary policy
- Publisher: Istanbul: TÜSİAD-Koç University Economic Research Forum
E51 | Kreditkanal | USA | Monetary transmission mechanism, money multiplier, lending channel | E52 | lending channel | money multiplier | Geldschöpfung | monetary transmission mechanism | VAR-Modell | Schätzung | Geldpolitik | Transmissionsmechanismus
jel: jel:E52 | jel:E51
The transmission mechanism of monetary policy has received extensive treatment in the macroeconomic literature. Most models currently used for macroeconomic analysis exclude money or else model money demand as entirely endogenous. Nevertheless, academic research and man...