Journal of Economic Perspectives: Vol. 9 No. 4 (Fall 1995)


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Symposium on the Monetary Transmission Mechanism

Article Citation

Mishkin, Frederic S. 1995. "Symposium on the Monetary Transmission Mechanism." Journal of Economic Perspectives, 9(4): 3-10.

DOI: 10.1257/jep.9.4.3


Understanding of monetary transmission mechanisms is crucial to answering a broad range of questions. These transmission mechanisms include interest-rate effects, exchange-rate effects, other asset price effects, and the so-called credit channel. This introduction to the symposium provides an overview of the main types of monetary transmission mechanisms found in the literature and a perspective on how the papers in the symposium relate to the overall literature and to each other.

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Mishkin, Frederic S. (Federal Reserve Bank of New York)

JEL Classifications

E50: Monetary Policy, Central Banking, and the Supply of Money and Credit: General
E40: Money and Interest Rates: General


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