527 - Monetary transmission in six EU-countries: an introduction and overview

Wetenschappelijke publicatie
Date 6 November 1997

This paper introduces the monetary transmission channels and gives special attention to credit channels and the asymmetric effects of monetary policy. In addition, an overview of recent empirical findings with respect to the monetary transmission process in the EU-countries Germany, France, Italy, the United Kingdom, Belgium and the Netherlands is provided. Finally, monetary policy lessons are drawn from the introduction and overview.