| Author: | Chatelain, J-B. (et al.) |
| Title: | Monetary policy transmission in the euro area: new evidence from micro data on firms and banks |
| Journal: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 731-742 |
| Index terms: | Euro Microeconomics Monetary policy |
| Freeterms: | Transmission |
| Language: | eng |
| Abstract: | An overview of the results of a research project on monetary transmission pursued by the Eurosystem, which has analysed micro data on firms and banks in several countries of the euro area in great detail is presented in this paper. Strong empirical evidence is found for an interest rate channel working through firm investment. Furthermore, a credit channel can be identified with firm micro data. |
SCIMA