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, ...

Monetary policy, a crucial tool wielded by central banks, plays a significant role in shaping the economic landscape. Its ...

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

2012. "Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism?" Journal of Financial Stability 8 (4): 236–51. Boyarchenko, Nina, Anna Kovner, and Or Schachar ...

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

We study the two-way relationship between fixed-rate mortgages (FRMs) and monetary policy in a panel of up to 35 countries over the last two decades. The dataset includes quarterly information on the ...

It also pledged to smooth the transmission mechanism of monetary policy and improve the efficiency of money utilisation. Such comments underlined a broader plan to spur growth in the world's ...