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The Channels of Monetary Influence: a Survey of the Empirical Evidence

Published online by Cambridge University Press:  26 March 2020

David Savage
David Savage*
Affiliation:
National Institute of Economic and Social Research
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Abstract

Over the years a large number of empirical studies have investigated the effects of monetary factors on various forms of private expenditure. This article surveys the evidence which has accumulated with a view to throwing some light on the basic issue of how, and how strongly, monetary policies influence real economic activity in this country. The evidence is varied and often contradictory and only tentative conclusions can be drawn.

Type
Articles
Information
National Institute Economic Review , Volume 83 , February 1978 , pp. 73 - 89
Copyright
Copyright © 1978 National Institute of Economic and Social Research

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