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Type: BOOK - Published: 2021-07-09 - Publisher: International Monetary Fund
We show that firms’ market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross
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We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a dynamic banking model in which monetary po
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This paper examines empirically the role of bank market power as an internal factor influencing banks' reaction in terms of lending and risk taking to monetary
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Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT).
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This paper empirically examines the effect of corporate market power on monetary policy transmission in Asia. Using panel local projections based on a firm-leve