The channel of transmission of monetary policy

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作者为伦敦都市大学国际银行及国际金融系理科硕士
此文为硕士级别论文，为宏观经济学（macroeconomic）讲述国家如何利用货币政策实现其对金融市场宏观管理的过程。读者理解需有一定的数学基础。


Introduction
The monetary transmission mechanism is the process through which monetary policy decisions are transmitted into changes in real GDP and inflation. Recent research has shown that understanding the transmission mechanism of monetary policy is a difficult and still largely incomplete task. Meanwhile, monetary policy has been even more at the center of macroeconomic policymaking. This paper will introduce and evaluate the main channel of transmission of monetary policy.