The Monetary Transmission Mechanism
By Jess Benhabib, Roger E. A. Farmer. 2000
313 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/66e3c6c80ced76264d3d0d89904973c7f88ce8b5
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In Economics and Econometrics
Citations in the corpus
- Wealth Effects on Consumption - Evidence from the Euro Area (2009, unknown): “The transmission of monetary policy to real variables such as output and employment operates through the effects on asset prices, firms’ balance sheets, interest rates, and exchange rates (Ireland, 2008).”
- Fluctuating Macro Policies and the Fiscal Theory [with Comments and Discussion] (2005, unknown): “See Beyer and Farmer (2005) for a related discussion. 8Ireland (2001), Leeper and Zha (2001), Leeper and Roush (2003), and Sims and Zha (2006) argue that allowing money growth to enter the monetary policy rule is important for identifying policy behavior. To keep to a specification that is comparabl”
- Short and long run causality measures: Theory and inference (2008, result): “These findings are consistent with the literature; see for example Bernanke and Blinder (1992), Bernanke and Mihov (1998), and Ireland (2005).”
- On the Indeterminacy of New-Keynesian Economics (2004, methodology): “Benhabib and Farmer [1] have proposed an alternative theory of the monetary transmission mechanism in which real balances enter the production function.”