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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...

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Detalles Bibliográficos
Autores principales: Silva, Thiago Christiano, Guerra, Solange Maria, da Silva, Michel Alexandre, Tabak, Benjamin Miranda
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
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