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...
| Համատեղ հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 2008/288 |
| Առցանց հասանելիություն: | Full text available on IMF |