Household risk management and actual mortgage choice in the euro area
In: MEA Discussion papers 283-2014
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In: MEA Discussion papers 283-2014
In: Reihe Ökonomie 289
In: Working paper series 868
In: Working paper series 821
In: Working paper 354
In: International finance discussion papers 800
In: Working paper series 59
In: Working paper series 73
In: EUI working papers
In: ECO 2000/12
In: EUI working papers / ECO, 98/28
World Affairs Online
In: Journal of international economics, Band 132, S. 103514
ISSN: 0022-1996
In: CESifo Working Paper No. 9034
SSRN
In: ECB Working Paper No. 2021/2562
SSRN
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more sensitive to monetary policy shocks than those of large firms, also when accounting for demand differences. These effects are reinforced in business cycle downturns.
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