Heterogeneity and monetary policy: A thematic review

The heterogeneity of businesses and households impacts aggregate economic fluctuations and, in turn, is shaped by aggregate fluctuations. This view has emerged over the last decade with strong implications for the transmission and conduct of monetary policy. Our thematic review focuses on key aspects of this new theory as well as its underlying assumptions. We place the insights in a Canadian context using relevant microeconomic and macroeconomic data.

MoreLess

Year of publication:	2022
Authors:	Alves, Felipe ; Bustamante, Christian ; Guo, Xing ; Kartashova, Katya ; Lee, Soyoung ; Pugh, Thomas ; See, Kurt ; Terajima, Yaz ; Ueberfeldt, Alexander
Publisher:	Ottawa : Bank of Canada
Subject:	Economic models \| Monetary policy transmission \| Monetary policy and uncertainty

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Bank of Canada Staff Discussion Paper ; 2022-2
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.34989/sdp-2022-2 [DOI] 178957353X [GVK] hdl:10419/251032 [Handle] RePEc:bca:bocadp:22-2 [RePEc]
Classification:	D31 - Personal Income, Wealth and Their Distributions ; E24 - Employment; Unemployment; Wages ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; d25 ; E22 - Capital; Investment (including Inventories); Capacity
Source:	EconStor

Persistent link: https://www.econbiz.de/10012888672