The Channels of Monetary Transmission: Lessons for Monetary Policy

29 Pages Posted: 11 Nov 2003

See all articles by Frederic S. Mishkin

Frederic S. Mishkin

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Date Written: February 1996

Abstract

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.

Suggested Citation

Mishkin, Frederic S., The Channels of Monetary Transmission: Lessons for Monetary Policy (February 1996). NBER Working Paper No. w5464, Available at SSRN: https://ssrn.com/abstract=265157

Frederic S. Mishkin (Contact Author)

Columbia Business School - Finance and Economics ( email )

3022 Broadway
New York, NY 10027
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
537
Abstract Views
3,628
rank
55,445
PlumX Metrics