monetary policy rate to those in consumer prices. First, we utilize panel data from the German manufacturing industry. Second …

particular, the output loss is greater in those EMEs with higher inflation. When US monetary policy tightens, bond and equity …

on potential differences in the transmission of the monetary policy shock depending on the level of interest rates in the … country from where the shock originates, i.e., the euro area. A euro area monetary policy shock when euro area interest rates … are positive at the time the shock occurs tends to trigger positive spillovers to industrial production, house and stock …

output and inflation in opposite directions may worsen the trade-off for a central bank with a dual mandate. …