Lecture Money, banking, and financial markets: Chapter 23 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 23 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 23 - Modern monetary policy and the challenges facing central bankers. In this chapter we will: Examine the transmission mechanism of monetary policy, and answer the questions of why, in the aftermath of the financial crisis of 2007-2009, monetary policy and the challenges facing central bankers are especially difficult.