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of Swedish households, we reveal the cash-flow transmission channel of monetary policy. On average, indebted households …
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We examine the cash-flow channel of monetary policy, i.e. the effect of monetary policy on spending when households … households, we estimate substantial heterogeneity in consumption responses to a change in monetary policy through the cash-flow …
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We examine the cash-flow channel of monetary policy, i.e. the effect of monetary policy on spending when households … households, we estimate substantial heterogeneity in consumption responses to a change in monetary policy through the cash-flow …
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