STRUKTURALNE UWARUNKOWANIA MECHANIZMU TRANSMISJI IMPULSÓW POLITYKI PIENIĘŻNEJ W STANACH ZJEDNOCZONYCH AMERYKI PÓŁNOCNEJ W LATACH 1984–2013
STRUCTURAL CONDITIONS OF MONETARY TRANSMISSION MECHANISM IN THE UNITED STATES IN THE YEARS 1984–2013

Summary/Abstract: The review and identification of the underlying structural factors that have contributed to the changes in the transmission mechanism of U.S. monetary policy in the years 1984–2013.Methodology – multi-dimensional qualitative analysis of the structural factors characteristic for the economy of the United. The Federal Reserve System’s monetary transmission mechanism . In particular, the development of innovative financial instruments, increasing trade openness and deregulation of the U.S. financial system have influenced on the change in the nature of the process of monetary policy transmission in the United States. Originality – the monetary transmission mechanism is not completely understood by economists. In the Polish literature of the subject there is a lack of researches devoted to the analysis of the transmission mechanism of U.S. monetary policy.

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