This dissertation investigates the transmission and effects of monetary policy. The conduct of monetary policy is often categorized into conventional and unconventional measures. The first and second chapters assess the effectiveness and distributional consequences of an extensively-used...

Central banks are major players in today's economic and financial policy making. While respected for their technical acumen and their pivotal role in defusing the global financial crisis, they are at the same time mistrusted by others and considered to be too powerful. In order to contribute to...