[New post] What can we learn about monetary policy transmission using international industry-panel data?

BankUnderground posted: " Sangyup Choi, Tim Willems and Seung Yong Yoo How does monetary policy really affect the real economy? What kinds of firms or industries are more sensitive to changes in the stance of monetary policy, and through which exact channels? Despite adva" Bank Underground What can we learn about monetary policy transmission using international industry-panel data? BankUnderground Jun 1 Sangyup Choi, Tim Willems and Seung Yong Yoo How does monetary policy really affect the real economy? What kinds of firms or industries are more sensitive to changes in the stance of monetary policy, and through which exact channels? Despite advances in our understanding of the monetary transmission mechanism, existing studies have not reached a consensus regarding the exact mechanics of transmission. In a recently published Staff Working Paper, we aim to contribute to this understanding by analysing the impact of monetary policy on industry-level outcomes across a broad international industry-panel data set, exploiting the notion that different transmission channels are of varying degrees of importance to different industries. Continue reading What can we learn about monetary policy transmission using international industry-panel data? Comment Unsubscribe to no longer receive posts from Bank Underground. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://bankunderground.co.uk/2023/06/01/what-can-we-learn-about-monetary-policy-transmission-using-international-industry-panel-data/

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