Series: IMF Working Papers
Author(s): Jonathan Dunn , Matt Davies , Yongzheng Yang , Yiqun Wu , and Shengzu Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: monetary policy transmission, pass-through, monetary policy, inflation, central bank, monetary fund, aggregate demand, Money And Interest Rates,
During the global financial crisis, central banks in Pacific island countries eased monetary policy to stimulate economic activity. Judging by the ensuing movements in commercial bank interest rates and private sec...