TY  - JOUR
AU  - Mishkin,Frederic S.
TI  - The Channels of Monetary Transmission: Lessons for Monetary Policy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5464
PY  - 1996
Y2  - May 1996
UR  - http://www.nber.org/papers/w5464
L1  - http://www.nber.org/papers/w5464.pdf
N1  - Author contact info:
Frederic S. Mishkin
Columbia University
Graduate School of Business
Uris Hall 817
3022 Broadway
New York, NY 10027
Tel: 212-854-3488
Fax: 212/662-8474
E-Mail: fsm3@columbia.edu
AB  - This paper provides an overview of the transmission mechanisms of monetary policy, starting with traditional interest rate channels, going on to channels operating through other asset prices, and then on to the so-called credit channels.  The paper then discusses the implications from this literature for how central banks might best conduct monetary policy.
ER  -