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...
| Erakunde egilea: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| Saila: | IMF Working Papers; Working Paper ;
No. 2008/288 |
| Sarrera elektronikoa: | Full text available on IMF |