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The term 'monetary transmission' is correct and usable in written English.
You can use it when talking about the flow of money between different economic entities or how economic forces interact with each other to affect the economy. For example, "The transmission of monetary policy affects various aspects of the economy."
Exact(21)
Monetary transmission mechanisms are still broken.
Monetary transmission mechanisms – who cares? (Me actually) 10.52am BST A question about the impact of rate rises on mortgages holders.
"It should be clear to everyone that we stand ready to do our part, repairing the monetary transmission mechanism.
In April, the Federal Reserve Bank of New York held a conference on the monetary transmission mechanism.
The group also called on governments to take aggressive fiscal policy measures, as "current conditions of extreme financial stress have weakened the monetary transmission mechanism".
One could indeed fill a canyon with recently published papers on the nature of the monetary transmission mechanism under various conditions.
Similar(39)
"If government borrowing premia hurt monetary policy transmission, they are in our mandate," he said.
Further non-standard measures might be needed to improve monetary policy transmission.
He repeatedly stressed that the aim was to "repair monetary policy transmission channels".
"At the same time they are concerned about losing the monetary policy transmission channel".
The critical passage in Draghi's comments was this: "To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com