Title: The Monetary Transmission Process: Concluding Remarks
Abstract: In order to be successful in conducting monetary policy, central banks need to have a good understanding of the working of the economy, including an accurate assessment of the timing and the effects of changes in the policy instrument on inflation and economic activity — that is, the monetary transmission process (MTP). Such an assessment is necessary in order to tailor the policy response to unexpected developments in the economy and successfully maintain price stability.KeywordsInterest RateMonetary PolicyCentral BankEuro AreaEuropean Central BankThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 2
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot