the optimal choice of price index in markets with financial frictions. Financial frictions that limit credit …-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … proportion of consumers are credit-constrained. -- inflation targeting ; monetary policy framework ; core inflation ; headline …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

credit constraints are binding, then only married immigrants can cross-finance their investment within the family. In order …

single immigrants with accessibility to a perfect capital market to the case of credit-constrained immigrant families, it is …

provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this … framework, we show that possibility of an inverted U- shaped relationship between the credit supply and the size of the firm … to both frictions in the credit and labour markets. -- entrepreneurship ; monitoring costs ; credit constraint …