Market concentration, macroeconomic uncertainty and monetary policy
نویسندگان
چکیده
منابع مشابه
Market Concentration, Macroeconomic Uncertainty and Monetary Policy
This paper studies the effect of market structure and macroeconomic uncertainty on the transmission of monetary policy. We motivate our analysis with a simple model which predicts that: 1) investment and production in more concentrated sectors are more affected by demand changes and 2) high uncertainty makes investment and production more sensitive to demand changes. The empirical analysis esti...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2008
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2007.09.001