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Micro-level transmission of monetary policy shocks: The trading book channel()
We open the black box of the monetary policy transmission mechanism with a granular model that considers the balance-sheet composition and network relationships of each economic agent. Though there are several well-documented channels through which monetary policy operates, we focus on the overlooke...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier B.V.
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7509538/ https://www.ncbi.nlm.nih.gov/pubmed/32981995 http://dx.doi.org/10.1016/j.jebo.2020.09.013 |