Giovannoni, Francesco; de Dios Tena, Juan - In: European Economic Review 52 (2008) 6, pp. 1097-1123
This paper studies the effect of market structure and macroeconomic uncertainty on the transmission of monetary policy. We motivate our analysis with a simple model which predicts that: (1) investment and production in more concentrated sectors are more affected by demand shocks and (2) high...