Modigliani, F., 1963, The monetary transmission mechanism and its interaction with real phenomena, Review of Economics and Statistics 45(1), 79-107.  Home/Search Document Not in Database Summary Related Articles |
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Asymmetric Adjustment of Commercial Bank Interest Rates in.. - Sander, Kleimeier (2000) (Correct)
....in the context of a regime change. Our paper focuses on the latter two challenges by providing evidence on symmetries, asymmetries, and changes in the monetary mechanism in EMU member countries with particular reference to the financial market side of the transmission process. Since Franco Modigliani (1963) the monetary mechanism has been described to consist of two parts: the financial market reaction and the wage price mechanism. While many recent studies have been examining the impact of monetary policies on the real economy (e.g. Ramaswany and Sloek 1997) our study concentrates on the financial ....
Modigliani, F., 1963, The monetary transmission mechanism and its interaction with real phenomena, Review of Economics and Statistics 45(1), 79-107.
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