In this situation, people do not want to be bitten, irrespective of their knowledge of the transmission mechanism.
And it requires the same transmission mechanism as an interest rate cut at the short end - people borrowing yet more money and spending it.
There is thus a direct transmission mechanism from an increase in money supply to an increase in aggregate demand.
An indirect transmission mechanism is where a change in money supply first affects some intermediate variable.
Exchange rates play a significant role in monetary transmission mechanism and at the same time, it can have a large impact on inflation rates.
Beyond that, in places where slaves were imported, carnival has been a covert survival and transmission mechanism for old, African-derived rhythms.
The British and Spanish cases will be examined in terms of the nature of transmission mechanisms.
But that still does not mean you can require the library to be a transmission mechanism for that information.
Two of them clearly came through the transmission mechanism where there was no argument on competent authority.
If banking and interest rates are the transmission mechanisms of economic growth, the Governor will be holding the levers.