This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China’s interest rate swap market, and explores the ‘signaling channel’ of monetary policy by investigating the transmission of different monetary policy instruments on economic...

Middle Eastern and North African (MENA) countries stand out in international comparisons of de jure obstacles to female employment and entrepreneurship. These obstacles manifest themselves in low rates of female labor participation, entrepreneurship, and ownership. Recent research suggests a...

This paper studies the transmission of oil price uncertainty (OPU) to real economic activities by focusing on the role of financial condition. We find that financial stress is an important link in the propagation of OPU based on China's macro and firm-level data. We document significant decrease...