Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2017 / Cilt: 0 - Sayı: 13

Monetary Transmission Mechanism: An Overview Explanation

Para Aktarım Mekanizması Üzerine Genel Bir Değerlendirme

Pages
472–517
Publication Date
2022-10-18
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Besides, the differences between alternative monetary policies and their characteristics that conduct the economy will be analysed.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The monetary transmission mechanism explains the channels and their effects which influence the final objectives of the policy authorities.
📊
Key Findings & Data:There is a remarkable theoretical and empirical literature about different channels of monetary transmission mechanism that try to explain each channel and relevant markets and variables for the monetary transmission mechanism.
💡
Conclusion & Impact:Besides, the differences between alternative monetary policies and their characteristics that conduct the economy will be analysed.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Parasal Aktarım Mekanizması · Faiz Kanalı · Kredi Kanalı

Abstract

The monetary transmission mechanism explains the channels and their effects which influence the final objectives of the policy authorities. There is a remarkable theoretical and empirical literature about different channels of monetary transmission mechanism that try to explain each channel and relevant markets and variables for the monetary transmission mechanism. In this paper, different models of monetary transmission channels and how they affect the economy will be explained in detail. Besides, the differences between alternative monetary policies and their characteristics that conduct the economy will be analysed.

Özet

Parasal aktarım mekanizması, para otoritelerinin hedef olarak belirledikleri ekonomi politikalarının etkinliğini sağlayacak alternatif uygulamaları açıklar. Bu kanalların özellikleri, çalışma şekilleri ve piyasa etkileri konularında yapılmış çok sayıda ampirik ve teorik çalışma bulunmaktadır. Bu çalışmada, farklı parasal aktarım kanallarının her birine ayrıntılı şekilde değinilerek ekonomiyi nasıl etkiledikleri açıklanmaya çalışılacaktır. Bunun yanında, parasal aktarım kanalları arasındaki farklar ve uygulanma şekilleri de ayrıntılı şekilde anlatılacaktır.

🔖

Cite This Article

GEDİKLİ, A. (2022). Monetary Transmission Mechanism: An Overview Explanation. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 13, 472–517. https://ajindex.com/articles/538941

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (13)

  1. Adao, Bernardino; Correia, Isabel and Teles, Pedro (2005) “The Monetary Transmission Mechanism: Is It Relevant for Policy?”, Banco de Portugal, Economic Bulletin, Spring 2005, pp. 41-49.
  2. Ando, Albert and Modigliani, Franco (1963) “The ‘Life Cycle’ Hypothesis of Saving: Aggregate Implications and Tests”, The American Economic Review, Vol. 53, No. 1, Part 1, March 1963, pp.55-84.
  3. Bain, Keith and Howells, Peter (2003) Monetary Economics: Policy and Its Theory Basis, Palgrave McMillan, NewYork. Bean, C.; Larsen, J.; and Nikolov, K. (2003) Financial Frictions and Monetary Transmission Mechanism: Theory, Evi- dence and Policy Implications, in Monetary Transmission in the Euro Area, Ed. Ignazio Angeloni and Benoit Mo- jon, Chapter 6, Cambridge University Press, pp.107-130.
  4. Bernanke, Ben S. (1986) “Alternative Explanations of Money- Income Correlation”, NBER Working Paper Series, No. 1842, February 1986, pp.1-41.
  5. Bernanke, Ben S. And Blinder Alan S. (1988) “Credit, Money, and Aggregate Demand”, The American Economic Re- view, Vol. 78, No. 2, Papers and Proceedings of yje One- Hundredth Annual Meeting of the American Economic Association, May 1988, pp.435-439.
  6. Bernanke, Ben S. And Blinder, Alan S. (1992) “The Federal Funds Rate and the Channel of Monetary Transmission”, The American Economic Review, Vol. 82, Issue 2, Sep- tember 1992, pp.901-921.
  7. Umuttepe Yayınevi,
  8. Kocaeli. Fountas, Stilianos and Papgapitos, Agapitos (2001) “The Mone- tary Transmission Mechanism: Evidence and Implica- tions for European Monetary Union”, Economics Letters, No. 70, pp.397-404.
  9. Georgopoulos, George and Hejazi, Walid (2009) “Financial Structure and the Heterogenous Impact of Monetary Pol- icy Across Industries”, Journal of Economics and Busi- ness, No. 61, pp.1-33.
  10. Gorssman, Sanford and Weiss, Laurence (1983) “A Transac- tions-Based Model of the Monetary Transmission Mech- anism”, The American Economic Review, Vol. 73, No. 5, December 1983, pp.871-880.
  11. Ireland, Peter N. (2005) “The Monetary Transmission Mecha- nism”, Federal Reserve Bank of Boston, Working Papers, No. 06-1, pp.1-13.
  12. Kuttner, Kenneth N. and Mosser, Patricia C. (20002) “The Mon- etary Transmission Mechanism: Some Answers and Fur- ther Questions”, FRBNY Economic Policy Review, May 2002, pp. 15-27.
  13. Loayza, Norman and Schmidt-Hebbel, Klaus (2002) “Monetary Policy Functions and Transmission Mechanisms: An Overview”, Central Bank of Chile, Santiago, pp.1-20. https://econpapers.repec.org/bookchap/chbbcchsb/v04 c01pp001-020.ht