… Channel systems for conducting monetary policy are … consequences of implementing policy
with a channel system are not well … of a channel system and study the optimal policy. A novel …

… optimal interest-rate policies when the central bank operates a channel system of interest-…
In this paper we analyze monetary policy when the central bank operates a channel system …

… are known loosely as the credit channel of monetary transmission. In this … channel and its
role inside the "black box" of monetary policy transmission. We don't think of the credit channel …

… Our results suggest that a broad credit channel does exist for the transmission of monetary
policy and that it operates through small firms. Specifically, for these firms, we found that the …

… Against this background, this paper presents an empirical evidence of interest rate channels
of monetary policy transmission in India based on a quarterly SVAR framework. The paper …

… The article revises existing channels of monetary policy … channels. Under the present
conditions in Russia, the widely used interest rate channel is being replaced by the credit channel, …

We study a simple extension of the basic new‐Keynesian set‐up in which we relax the
assumption of frictionless financial markets: due to asymmetric information and default risk, bank …

… gate the existence ofa credit channelfor monetary policy that operates through bank lending…
a shift in monetary policy. We allow for a differential response to monetary policy ofthe debt …

… target channel system, or simply a floor system… monetary policy implementation systems
used by many central banks. In these systems, there is a tight link between money and monetary …

… channel of monetary policy, we explore its implications for monetary policy trade-offs, the
objectives of monetary policy, … economy under optimal discretionary and commitment policies. …