nontraded output after a positive monetary shock, if the pass-through is zero, traded output increases less. Moreover, ignoring …

channel (BLC) of monetary transmission in Brazil between 1995 and 2012. I extend the standard empirical approach in two main …

significant impact on the health of euro area banks. Information effects, which made the private sector more pessimistic about …. We show that ECB communications at the press conference were crucial for the market response and that bank health …

aggregate and sectoral output measures. The model included oil price shock and an interactive term of trade openness as measures … manufacturing, service and industrial sector while fiscal policy shock was only significant and positive on agricultural output … growth. The result further showed that international oil price shock and trade openness had pronounced negative effects on …