Развитие подходов к понятию механизма денежной трансмиссии

Алина Михайловна Гребенкина

doi:10.17308/econ.2020.3/3098

Authors

Alina M. Grebenkina The Russian Presidential Academy of National Economy and Public Administration , The Russian Presidential Academy of National Economy and Public Administration https://orcid.org/0000-0002-7264-5399 (unauthenticated)

DOI:

https://doi.org/10.17308/econ.2020.3/3098

Keywords:

transmission mechanism, monetary policy, channels of monetary transmission

Abstract

Importance. The article examines evolution of the concept of the monetary transmission mechanism in a broad and narrow sense in a view of economic thought development and of empirical and econometric analysis improvement.
Objectives. The article aims to provide an overview of historical and modern approach to the definition and analysis of monetary transmission mechanism and its channels.
Methods. To achieve the goal, the article uses descriptive method of analysis, aggregation of historical and modern concepts of monetary transmission mechanism and its formal systematization.
Conclusions. The article shows that modern approach to the analysis of the monetary transmission mechanism has pronounced functional grounds and allows to apply a wide range of research methods. At the same time, the process of channels particularization and emerging role of global, supranational channels may lead to extension of the monetary transmission mechanism concept in general.

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Author Biography

Alina M. Grebenkina, The Russian Presidential Academy of National Economy and Public Administration, The Russian Presidential Academy of National Economy and Public Administration

Junior researcher of Center for the Study of Central Banks, RANEPA, Moscow, Russian Federation

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