Although this is just one small bit of indirect evidence, it reinforces the general observation that it may be tricky to make the more aggressive version of the empirical argument--that is, to demonstrate that the bank capital channel is the dominant piece of the transmission mechanism
In the MPS model, the structure of the monetary transmission mechanism
draws on two critical characteristics of the general "Keynesian" paradigm.
The transmission mechanism
of monetary policy is given particular emphasis and the book discusses the behaviour of a number of central banks, in particular the Bank of England, the European Central Bank and the Federal Reserve.
The regulator is strengthening transmission mechanism
With the monetary transmission mechanism
still not functioning properly, a rate cut is not the right policy answer," he argued.
Under S&P criteria, the lack of monetary policy flexibility is a key ratings constraint for the GCC countries, particularly in terms of exchange rate regimes, the credibility of monetary policy, and the effectiveness of the transmission mechanism
via the financial system and capital markets.
Nevertheless, it seems unlikely to alter the path of Fed policy and, if anything, the modest disappointment on mortgage sales underlines flaws in the transmission mechanism
that prevents low treasury and agency mortgage yields from lowering borrowing costs for the broader economy.
Highlights "the fundamental problem" of a broken monetary transmission mechanism
Asia beyond the global economic crisis; the transmission mechanism
of financial shocks.
In developing economies such as Pakistan the fiscal transmission mechanism
needs to he identified, as active fiscal policy is practised and large seigniorage revenues exist.
The Hi-G 4-Axis control actuator system provides command authority to support mission defined projectile maneuvers by using four motors and a power transmission mechanism
that have qualified to 15,000 Gs.
The economic and human cost associated with the bovine spongiform encephalopathy outbreak fueled the need to better understand the etiologic agent of prion diseases and their basic transmission mechanism