Kreditkanäle
Kreditkanäle, also known as credit channels, are pathways through which monetary policy affects the real economy. They describe the mechanisms by which changes in interest rates, the money supply, or the availability of credit influence investment, consumption, and ultimately, aggregate demand.
There are generally two main types of credit channels. The first is the bank lending channel. This
The second is the balance sheet channel. This channel emphasizes the impact of monetary policy on the
Understanding credit channels is crucial for policymakers to effectively transmit monetary policy signals to the broader