, employing sectoral prices and quantities, demonstrates that during recessions, the contractionary policy shock results in a more …

have stronger effects on output, consumption, and wages in the earlier sample. We try to account for this observation …

This paper studies the role of sticky prices for the monetary transmission mechanism, using disaggregated industry …-level data from 205 US industries. There is substantial heterogeneity in the output responses of industries to monetary policy … economically large and statistically significant. The results suggest that sticky prices play an important role in the transmission …

, house prices and stock prices. The aggregate effects are distributed across the individual households by means of a reduced …

countries. We use a Bayesian Threshold Panel SVAR with regime classifications based on credit and house prices cycles. We find … cycle. The shift in the inflation-output trade-off may result from higher macro-economic uncertainty in low leverage states …