In this paper I study effects of a monetary policy shock on industries through Publicly Traded Firms in Peru. For this purpose I elaborate a new measure of a monetary policy shock, correcting two possible risks as the endogeneity that a monetary policy shock may have with the economic activity...

In this paper I study the heterogeneous effects of a monetary policy shock on industries through Publicly Traded Firms in Peru. For this purpose I elaborate five types of measures of a monetary policy shock, four of these measures try to correct two possible risks as the endogeneity that a...

This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...

We analyze several identification frameworks based on operating procedures to measure monetary policy in a small open economy. We use a two-stage non-recursive VAR model to identify monetary shocks. We construct then various overall monetary policy indicators based on different residuals...

This paper analyzes the international transmission effects of euro area monetary policy shocks in to other western European countries, namely the United Kingdom, Sweden, Switzerland, Denmark, and Norway. For this purpose, we use a structural VAR model of the euro area and augment it...

Most empirical studies found that monetary policy has a significant effect on house prices while stock markets remain unaffected by interest rate shocks. In this paper we conduct a more detailed analysis by studying various sub-segments of the real estate market. Employing a new dataset for...