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Is monetary policy effective when credit is low? /

Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are not f...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Saizar, Carolina (Autor), Chalk, Nigel Andrew (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/288.
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Acceso en línea:Texto completo

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