The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries

Luca Dedola () and Francesco Lippi

Working Papers from Banca Italia - Servizio di Studi

Abstract: This paper presents new evidence on the monetary transmission mechanism based on the effects of unexpected monetary policy shocks on 21 manufacturing industries in 5 OECD countries (France, Germany, Italy, the UK and the US). The goal is twofold. First, to document the cross-industry heterogeneity of monetary policy effects. Second, to explain this heterogeneity in terms of microeconomic characteristics suggested by theory, using an original firm-level database.

Keywords: MONETARY POLICY; MANUFACTURING; MICROECONOMICS (search for similar items in EconPapers)
JEL-codes: E32 E52 G32 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2000
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Citations: View citations in EconPapers (73)

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Related works:
Journal Article: The monetary transmission mechanism: Evidence from the industries of five OECD countries (2005)
Working Paper: The monetary transmission mechanism; evidence from the industries of five OECD countries (2000)
Working Paper: The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries (2000)
Working Paper: The Monetary Transmission Mechanism: Evidence from the Industry Data of Five OECD Countries (2000)
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