Acta Oeconomica Pragensia 2016, 24(4):59-70 | DOI: 10.18267/j.aop.545

Transmission Channels of Monetary Policy: A Broader View

Lukáš Kučera
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví (kucera-lukas@email.cz).

The paper deals with a transmission mechanism of monetary policy under the regime of inflation targeting. It focuses on the expectations channel, the credit view and the cost channel. These channels work side by side and may amplify effects of the traditional view of transmission mechanisms of monetary policy, which emphasises adjustments on the demand side.

Keywords: channels of monetary policy, interest rate, inflation expectations, credit view, cost channel
JEL classification: E44, E51, E52, O16

Published: August 1, 2016  Show citation

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Kučera, L. (2016). Transmission Channels of Monetary Policy: A Broader View. Acta Oeconomica Pragensia, 24(4), 59-70. doi: 10.18267/j.aop.545
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