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euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing …
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This paper investigates the disaggregated effects of monetary policy shocks on the output of 24 sectors of the UK economy. The paper's principal aim is to provide stylised facts about the sectoral responses to unexpected changes in monetary policy and to help assess how monetary policy...
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This paper investigates the credit channel in Germany and the United Kingdom. The financial systems of these two … competition among credit intermediaries, resulting in a declining dependence on banks in Germany. …
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