Monetary transmission in the new economy : service life of capital, transmission channels and the speed of adjustment /

• Main Author: Kalckreuth, Ulf von
• Other Authors: Schröder, Jürgen
• Format: Book
• Published: Frankfurt Deutsche Bundesbank. Economic Research Centre 2002
• Series: Discussion paper (Deutsche Bundesbank) Series 1: Studies of the Economic Research Centre no. 16/02
• Subjects: POLITICA MONETARIA; ECONOMIA MONETARIA; TASA DE INTERES; SUSTITUCION DE LA MONEDA
• Online Access: http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2002/2002_07_24_dkp_16.pdf?__blob=publicationFile

Table of Contents:

• 1. Introduction and summary
• 2. Expectation theory and the mean value affect
• 3. The macroeconomic platform
• 4. The characteristic equation for the speed of adaptation
• 5. Service life, speed of adjustment and exchange-rate overshooting
• 6. Inflation dynamics and conclusion
• References.