This paper surveys recent advances in empirical studies of the monetary transmission
mechanism, with special attention to Central and Eastern Europe (CEE). Our results indicate …

I study the role of firms' balance sheet liquidity in the transmission of monetary policy to
investment. In response to monetary contractions, US firms with fewer liquid asset holdings …

This paper surveys recent advances in empirical studies of the monetary transmission
mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while …

This paper analyses the effects of US monetary policy on stock markets. We present
evidence that individual stocks react in a highly heterogeneous fashion to US monetary …

This paper shows that monetary policy decisions have a significant effect on investor
sentiment. The effect of monetary news on sentiment depends on market conditions (bull …

This paper studies the monetary transmission mechanism using disaggregated industry data
from five industrialized countries. Our goal is to document the cross-industry heterogeneity of …

Using an event study method, we examine how stock markets respond to the policies of the
European Central Bank during 1999–2015. We use market prices of futures (government …

I estimate the transmission of a common euro area monetary policy shock across individual
euro area economies. To do so, I develop a global VAR model in which all euro area …

This paper examines cyclical variation in the effect of Fed policy on the stock market. We find
a much stronger response of stock returns to unexpected changes in the federal funds target …

This paper investigates regime switching in the response of US output to a monetary policy
action. We find substantial, statistically significant, time variation in this response that …