Munich Personal RePEc Archive

Notas sobre Mecanismos de Transmissão da Política Monetária

Strachman, Eduardo (2016): Notas sobre Mecanismos de Transmissão da Política Monetária.

[thumbnail of MPRA_paper_72856.pdf]

Download (380kB) | Preview


The article aspires to understand the monetary policy transmission mechanisms and whether they result in the aimed effects. We define and detail these monetary policy transmission mechanisms, showing some recent changes in monetary economics. We emphasize that modern CBs use interests as their fundamental mechanism for monetary policies, instead of goals for some monetary aggregates. We clarify the transmission channels of monetary policies, exposing the differentiated effectiveness of the monetary policy transmission mechanisms, according to the phase of the business cycle, analyzing impacts and endogeneity of risks in relation to these phases, without leading to an optimum

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.