Monetary transmission: what do we know and how can we use it?
The existence of a considerable and varying time lag between the actions by the central bank in adjusting its policy instruments and the effects on the respective target variable is widely acknowledged. As a result, the monetary policy maker needs to take a forward-looking approach in decision-makin...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
1998-06-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10594/10478 |