Overview
Monetary transmission mechanisms are essential for understanding how central banks influence the economy through monetary policy. These mechanisms include various channels such as interest rates, credit availability, and public expectations, which collectively shape economic activity. By adjusting i...
Key Terms
Example: The Federal Reserve uses monetary policy to control inflation.
Example: A higher interest rate can reduce borrowing.
Example: Lower interest rates can increase bank lending.
Example: A weaker currency can boost exports.
Example: Central banks aim to keep inflation at a target level.
Example: Monetary policy can influence stock market performance.