The transmission mechanism - monetary policy, Macroeconomics

Assignment Help:

The Transmission Mechanism

The mechanism by which the changes in monetary policy affect aggregate demand is called 'transmission mechanism'. Two stages in transmission mechanism are important. First is that an increase in real money supply causes a portfolio disequilibrium at the prevailing interest rate and level of income, i.e. people are holding more money than they want. They try to get rid of the excess money they are holding by buying financial assets. This action of theirs pushes up the price of financial assets and thus causes the interest rate to fall.

The second stage of the transmission process occurs when the change in interest rate affects aggregate demand. The fall in interest rates induces an increase in investment expenditure, and also possibly consumption expenditure, thereby increasing the aggregate demand and ultimately the income.


Related Discussions:- The transmission mechanism - monetary policy

Incentives, Incentives Incentives designed to increase effort, reward e...

Incentives Incentives designed to increase effort, reward enterprise and encourage saving and investment include: an emphasis on the effect of a reduction in the margi

Debt , What is debt swept?

What is debt swept?

Appropriate experimental design, An ecologist has been reading the literatu...

An ecologist has been reading the literature on the subject of factors affecting growth and metamorphosis of tadpoles in ponds. Some frog species (e.g. Hyla gratiosa) reproduce in

What do you mean by the long run outcome, Imagine a firm with the same cost...

Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of c

Aplia Assignment, Need answers for problems after chapters 10, 11 & 12 for ...

Need answers for problems after chapters 10, 11 & 12 for Macroeconomics in Aplia.com. Need today or tomorrow. Can you help?

Define the tools of competitive market, Define the tools of Competitive mar...

Define the tools of Competitive market. Competitive market: The supply and demand model a. The demand curve b. The supply curve c. Factors which cause the demand cu

What are the costs of economic growth, What are the costs of economic growt...

What are the costs of economic growth? Economic growth can result also into: • Increases within pollution noise and congestion • Unnecessary depletion of non-renewable r

Microsoft case study, 2.2 "Our business model works even if all internet so...

2.2 "Our business model works even if all internet software is free ....... We are still selling operating systems. What does Netscape''s business model look like? Not very good."

What is national income, Q. What is national income? What are the different...

Q. What is national income? What are the different methods of measuring national income? National income is the aggregate money value of the annual flow of final goods and serv

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd