LEADER 04049nam 22006614a 450 001 9910808229303321 005 20200520144314.0 010 $a1-107-13326-2 010 $a1-280-15964-2 010 $a0-511-12044-3 010 $a0-511-04241-8 010 $a0-511-14824-0 010 $a0-511-33024-3 010 $a0-511-49248-0 010 $a0-511-04549-2 035 $a(CKB)1000000000005302 035 $a(EBL)202277 035 $a(OCoLC)475917406 035 $a(UkCbUP)CR9780511492488 035 $a(Au-PeEL)EBL202277 035 $a(CaPaEBR)ebr10040868 035 $a(CaONFJC)MIL15964 035 $a(MiAaPQ)EBC202277 035 $a(EXLCZ)991000000000005302 100 $a20020517d2002 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aMonetary transmission in diverse economies /$fedited by Lavan Mahadeva and Peter Sinclair 205 $a1st ed. 210 $aCambridge ;$aNew York $cCambridge University Press$d2002 215 $a1 online resource (xiii, 260 pages) $cdigital, PDF file(s) 300 $aPapers presented at a conference held at the Centre of Central Banking, Bank of England from June 19-23, 2000. 311 $a0-521-01325-9 311 $a0-521-81346-8 320 $aIncludes bibliographical references (p. 237-253) and index. 327 $aAre the effects of monetary policy in the euro area greater in recessions than in booms? / Gert Peersman and Frank Smets -- Supply shocks and the 'natural rate of interest' / Jagjit S. Chadha and Charles Nolan -- Some econometric issues in measuring the monetary transmission mechanism, with an application to developing countries / Derick Boyd and Ron Smith -- Central bank goals, institutional change and monetary policy / V. Anton Muscatelli and Carmine Trecroci -- The transmission mechanism of monetary policy near zero interst rates / Kazuo Ueda -- What does the UK's monetary policy and inflation experience tell us about the transmission mechanism? / Edward Nelson -- Modelling the transmission mechanism of monetary policy / Peter Westaway -- Empirical evidence for credit effects in the transmission mechanism of the United Kingdom / K. Alec Chrystal and Paul Mizen -- Uncovered interest parity with fundamentals / Marcelo Kfoury Muinhos, Paulo Springer de Freitas and Fabio Araujo -- Uncovered interest parity and the monetary transmission mechanism / Guy Meredith. 330 $aThis book was first published in 2002. The transmission mechanism of monetary policy explains how monetary policy works - which variables respond to interest rate changes, when, why, how, how much and how predictably. It is vital that central banks and their observers, worldwide, understand the transmission mechanism so that they know what monetary policy can do and what it should do to stabilize inflation and output. The volume sets out different aspects of the transmission mechanism. Some chapters scrutinize the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the USA, the Euro area and developing countries. Other chapters focus on modelling crucial aspects such as productivity, the exchange rate and the monetary sector. These issues are counterpointed by contributions that analyse monetary policy in Japan and the UK. 606 $aBanks and banking, Central$vCongresses 606 $aCapital movements$vCongresses 606 $aMonetary policy$vCongresses 606 $aForeign exchange rates$vCongresses 615 0$aBanks and banking, Central 615 0$aCapital movements 615 0$aMonetary policy 615 0$aForeign exchange rates 676 $a339.5/3 701 $aMahadeva$b Lavan$01630761 701 $aSinclair$b P. J. N$01174682 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910808229303321 996 $aMonetary transmission in diverse economies$94202455 997 $aUNINA