Monetary Transmission in Diverse Economies
By Lavan Mahadeva, Peter Sinclair
Publisher: Cambridge University Press
Number Of Pages: 276
Publication Date: 2002
ISBN 0-521-81346-8 hardback
ISBN 0-511-03019-3 eBook(Adobe Reader)
List of figures page vii
List of tables ix
List of contributors xi
Acknowledgements xii
1 Introduction:the transmission mechanism and monetary policy 1
lavan mahadeva and peter sinclair
2 Are the effects of monetary policy in the euro area greater
in recessions than in booms?28
gert peersman and frank smets
3 Supply shocks and the‘natural rate of interest’:
an exploration 49
jagjit s.chadha and charles nolan
4 Some econometric issues in measuring the monetary
transmission mechanism,with an application
to developing countries 68
derick boyd and ron smith
5 Central bank goals,institutional change and monetary
policy:evidence from the United States and the
United Kingdom 100
v.anton muscatelli and carmine trecroci
6 The transmission mechanism of monetary policy near zero
interest rates:the Japanese experience,1998–2000 127
kazuo ueda
7 What does the UK’s monetary policy and inflation
experience tell us about the transmission mechanism?137
edward nelson
vvi Contents
8 Modelling the transmission mechanism of monetary policy 156
peter westaway
9 Empirical evidence for credit effects in the transmission
mechanism of the United Kingdom 167
k.alec chrystal and paul mizen
10 Uncovered interest parity with fundamentals:a Brazilian
exchange rate forecast model 191
marcelo kfoury muinhos,paulo springer
de freitas and fabio araujo
11 Uncovered interest parity and the monetary transmission
mechanism 208
guy meredith
Bibliography 237
Index 254


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