transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …, especially for U.S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are … supportive of the international bank lending channel and the portfolio channel of monetary policy transmission. They also show …

transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with ….S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are supportive of the … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …

The empirical literature on central banking has found measures of central bank independence/conservatism to be …. We find that an increase in central bank conservatism leads to higher short-term interest rates and a more activist … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …

welfare gain associated with making the central bank less conservative than society, however if the outside option is in real … of central bank conservatism. …

distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary …

International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous and that the primary drivers of …

transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with ….S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are supportive of the … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …