Abstract
1. Introduction 2. The Transmission Mechanism of Monetary Policy Through Interest Rates - Policy Rate Effects on Other Interest Rates, Asset Prices, Consumption and Investment Peter Sinclair 3. How Policy Rates Affect Output, Prices and Labour - Open Economy Issues and Inflation and Disinflation Peter Sinclair 4. Model-building in Theory and Practice: The Output Gap Lavan Mahadeva 5. Model-building in Theory and Practise: The Philips Curve Lavan Mahadeva 6. Transmission Mechanisms and Inflation Targeting - The Case of Columbia's Disinflation Javier Gomez and Juan Manuel Julio 7. Monetary Transmission Mechanism in Poland Tomasz Lyziak 8. Monetary Policy and Goals for External Competitiveness - A Dynamic General Equilibrium Model for Hungary Aron Gereben 9. Monetary Transmission Mechanism - A View from a High Inflation Environment Gulbin Sahinbeyoglu 10. Measures of Monetary Policy Transparency and the Transmission Mechanism Richhild Moessner, Toni Gravelle and Peter Sinclair 11. Discussant's Comments Marion William, Barbados 13. Discussant's Comments David Dodge, Canada 14. Discussant's Comments Bimal Jalan, India 15. The Monetary Transmission Mechanism in South Africa M.M. Smal and S. de Jager 16. What do we know about the Channels of Monetary Transmission in Transition Economies? Hungaries Experience Under the Exchange Rate Targeting Regime Judit Nemenyi 17. Goals and Instruments of Monetary Policy - Past, Present and Future C. Freedman
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