翻訳と辞書 Words near each other ・ Credo (2008 film) ・ Credo (card game) ・ Credo (Carola album) ・ Credo (disambiguation) ・ Credo (Jennifer Rush album) ・ Credit card ・ Credit CARD Act of 2009 ・ Credit card balance transfer ・ Credit card debt ・ Credit card fraud ・ Credit card hijacking ・ Credit Card Insider ・ Credit card interest ・ Credit card kiting ・ Credit card roulette ・ Credit channel ・ Credit circle ・ Credit control ・ Credit control in India ・ Credit Corp Group ・ Credit counseling ・ Credit crisis of 1772 ・ Credit crunch ・ Credit cycle ・ Credit default option ・ Credit default swap ・ Credit default swap index ・ Credit derivative ・ Credit Derivatives Product Company ・ Credit enhancement Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Credit channel ： ウィキペディア英語版 Credit channel The credit channel mechanism of monetary policy describes the theory that a central bank's policy changes affect the amount of credit that banks issue to firms and consumers for purchases, which in turn affects the real economy. == Credit channel versus conventional monetary policy transmission mechanisms == Monetary policy transmission mechanisms describe how policy decisions are translated into effects on the real economy. Conventional monetary policy transmission mechanisms, such as the interest rate channel, focus on direct effects of monetary policy actions. The interest rate channel, for example, suggests that monetary policy makers use their leverage over nominal, short-term interest rates, such as the federal funds rate, to influence the cost of capital, and subsequently, purchases of durable goods and firm investment.〔Mishkin, Frederic. 1996. "The Channels of Monetary Transmission: Lessons for Monetary Policy." NBER Working Paper Series w5464. 1996.〕 Because prices are assumed to be sticky in the short-run, short-term interest rate changes affect the real interest rate. Changes in the real interest rate influence firm investment and household spending decisions on durable goods. These changes in investment and durable good purchases affect the level of aggregate demand and final production. By contrast, the credit channel of monetary policy transmission is an indirect amplification mechanism that works in tandem with the interest rate channel. The credit channel affects the economy by altering the amount of credit firms and/or households have access to in equilibrium. Factors that reduce the availability of credit reduce agents' spending and investment, which leads to a reduction in output. In short, the main difference between the interest rate channel and the credit channel mechanism is how spending and investment decisions change due to monetary policy changes. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Credit channel」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.