In this paper, we test the differential effects of monetary policy shock on aspects of banks' balance sheets (deposits … variables (output, consumer price index, exports, imports, foreign exchange reserves). We do so by estimating VAR/VEC Models to …

tight monetary policy, which is captured with a positive shock to interest rate, decrease the exchange rate, output and … prices as the economic theory suggest. The effects of the loose monetary policy, which is captured with a negative shock to …, output and inflation for an emerging economy, Turkey, by using monthly data between 1990 and 2014. The innovative nonlinear …

This paper studies the role of sticky prices for the monetary transmission mechanism, using disaggregated industry …-level data from 205 US industries. There is substantial heterogeneity in the output responses of industries to monetary policy … economically large and statistically significant. The results suggest that sticky prices play an important role in the transmission …

level to a temporary risk premium shock are larger and more persistent when the ZLB is binding. Our theoretical discussion …