English, Article, Journal or magazine article edition: Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks Johann Scharler; Sylvia Kaufmann

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Bookmark: http://trove.nla.gov.au/version/34437
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks
Author
  • Johann Scharler
  • Sylvia Kaufmann
Physical Description
  • preprint
Notes
  • RePEc:onb:oenbwp:116
  • In this paper we study the role of financial systems for the cost channel transmission of monetary policy in a calibrated business cycle model. We analyze the different effects that monetary policy has on the economy, in particular on output and inflation, which are due to differences in country-specific financial systems. For a plausible calibration of the model, differences in financial systems have a rather limited effect on the transmission mechanism and do not appear to give rise to cross country differences in the strength of the cost channel
  • Financial Systems, Cost Channel, Transmission Mechanism
  • RePEc:mmf:mmfc06:67
Language
  • English
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