Papers presented at a conference held at the Centre of Central Banking, Bank of England from June 19-23, 2000.
Includes bibliographical references (pages 237-253) and index.
Cover; Half-title; Title; Copyright; Contents; Figures; Tables; Contributors; Acknowledgements; URL disclaimer; 1 Introduction: the transmission mechanism and monetary policy; 2 Are the effects of monetary policy in the euro area greater in recessions than in booms?; 3 Supply shocks and the natural rate of interest : an exploration; 4 Some econometric issues in measuring the monetary transmission mechanism, with an application to developing countries; 5 Central bank goals, institutional change and monetary policy: evidence from the United States and the United Kingdom.
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This volume explains different aspects of the transmission mechanism. It scrutinises the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the US, Euro area and developing countries. Also focuses on modelling crucial aspects including productivity, the exchange rate and the monetary sector.
Monetary transmission in diverse economies.
Banks and banking, Central, Congresses.
Capital movements, Congresses.
Foreign exchange rates, Congresses.
Monetary policy, Congresses.
Banks and banking, Central.
BUSINESS & ECONOMICS-- Economics-- Macroeconomics.