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Die Wirkungen der Geldpolitik in Deutschland
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Wirken sich geldpolitische Manahmen berhaupt auf das Wirtschaftsgeschehen aus und wer ist von diesen Wirkungen besonders betroffen? Barbara Jennes zeigt, dass die blicherweise verwendeten Modelle, die den Tagesgeldsatz zur Abbildung der geldpolitischen Manahmen verwenden, die Wirkungen der Geldpolitik unterschtzen. Auch die aggregierte Betrachtungsweise und die damit verbundene Konzentration auf den traditionellen Zinskanal knnen bedeutende geldpolitische Effekte verbergen. Die Autorin rckt deshalb die Theorie des Kreditkanals ins Zentrum ihrer Betrachtungen und analysiert die Bedeutung des Geschftsbankensektors fr die Wirksamkeit der Geldpolitik.
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