The authors, Alessia De Stefani and Rui Mano, gathered data on mortgage flows in 27 economies and mortgage stocks in 35 ...

The Bank of Canada's policy objective is a 2 per cent target for total ... Economists call this chain of developments the transmission mechanism. My focus here is on the first link in that chain. With ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper examines the impact of a monetary policy shock on output, prices, ...

The plan is to reduce the volume of directed credit as well as reserve requirements so as to improve microeconomic efficiency and also to enhance the transmission mechanism of monetary policy. The ...

Cloyne, James, Clodomiro Ferreira, and Paolo Surico. 2020. "Monetary Policy When Households Have Debt: New Evidence on the Transmission Mechanism." Review of Economic Studies 87 (1): 102–29. Coibion, ...

The study examines how financial constraints and inattentiveness affect firms' investment responses to monetary policy, ...

Scharfstein, David S., and Adi Sunderam. "Market Power in Mortgage Lending and the Transmission of Monetary Policy." April 2015. Mimeo.

This module covers monetary theory and monetary policy. It presents several economic ... of economic analysis to the conduct of central banks and to the mechanisms underlying the monetary transmission ...