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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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Saizar, Carolina (Author), Chalk, Nigel Andrew (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/288.
Subjects:
Monetary policy > Econometric models.
Credit > Econometric models.
Inflation (Finance) > Econometric models.
Politique monétaire > Modèles économétriques.
Crédit > Modèles économétriques.
Inflation > Modèles économétriques.
Credit > Econometric models
Inflation (Finance) > Econometric models
Monetary policy > Econometric models
Geldpolitik.
Wirkungsanalyse.
Kreditkanal.
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