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Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10011449239
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10002176392
Persistent link: https://www.econbiz.de/10002391422
Persistent link: https://www.econbiz.de/10001745291
Persistent link: https://www.econbiz.de/10001506230
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10013320319
Persistent link: https://www.econbiz.de/10013434299
Persistent link: https://www.econbiz.de/10013434349
complexity of the currency conversion rates. In line with this theory, the paper finds that the evolution of prices for food …
Persistent link: https://www.econbiz.de/10003280660
Persistent link: https://www.econbiz.de/10003411132