Optimal monetary policy with the cost channel

2006 ◽  
Vol 53 (2) ◽  
pp. 199-216 ◽  
Author(s):  
Federico Ravenna ◽  
Carl E. Walsh
Keyword(s):  
Monetary Policy ◽  
Optimal Monetary Policy ◽  
Cost Channel ◽  
The Cost

scholarly journals Monetary Transmission through Interest Rate Channel in Vietnam Before and After the Crisis

2014 ◽  
Vol 222 ◽  
pp. 51-75
Author(s):  
Hương Trầm Thị Xuân ◽  
Vinh Võ Xuân ◽  
CẢNH NGUYỄN PHÚC
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Monetary Transmission ◽  
Var Model ◽  
Macroeconomic Theory ◽  
Cost Channel ◽  
Before And After ◽  
The Cost ◽  
The Impact ◽  
Interest Rate Channel

The paper employs the VAR model to examine the impact of monetary policy on the economy through interest rate channel (IRC) and levels of transmission before and after the 2008 crisis. The results indicate that in the period before the financial crisis, IRC exists in accordance with macroeconomic theory; however, the crisis period, in which increases in SBV monetary policy rates lead to increased inflation, has proved the existence of the cost channel of monetary transmission in Vietnam.

scholarly journals The price puzzle revisited: Can the cost channel explain a rise in inflation after a monetary policy shock?

2009 ◽  
Vol 31 (2) ◽  
pp. 268-289 ◽  
Author(s):  
Steffen Henzel ◽  
Oliver Hülsewig ◽  
Eric Mayer ◽  
Timo Wollmershäuser
Keyword(s):  
Monetary Policy ◽  
Cost Channel ◽  
Price Puzzle ◽  
Monetary Policy Shock ◽  
The Cost
Sign in / Sign up

Export Citation Format

Share Document