Inflation Dynamics and the Cost Channel of Monetary Transmission 1

By Ibrahim Chowdhury, Mathias Hoffmann, Andreas Schabert. 2004

239 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6a615bef2e1441e903c12f3bb500d3c5210fdf77

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

The role of house prices in the monetary policy transmission mechanism in small open economies (2010, background): “The puzzle may be explained by a cost channel of the interest rate, where (at least part of) the increase in firms borrowing costs is offset by an increase in prices (Ravenna and Walsh, 2006; Chowdhury et al., 2006).”
Monetary policy and exchange rate overshooting: Dornbusch was right after all* (2009, background): “(where the increased interest rate increases borrowing costs for firms and therefore prices) and is less of a problem (see Ravenna and Walsh, 2003; Chowdhury et al., 2003 ).18 The effect”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “Chowdhury, Hoffmann, and Schabert (2006) and Ravenna and Walsh (2006) assume that firms must borrow to pay their wage bill up front each period, which leads to the so-called cost channel of interest rates, i.e., marginal cost is directly influenced by the interest rate.”
The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock? (2009, methodology): “Using a similar approach, Chowdhury, Hoffmann, and Schabert (2006) show that the cost channel is relevant in the U.S. and the U.K., but not in Germany and in Japan, which possibly indicates that the structure of the financial system – a market–based system versus a bank–based system – has an impact…”
DSGE Models for Monetary Policy Analysis (2010, unknown): “…one way that unemployment can be integrated into the model, the discussion represents another illustration of the versatility 9 For example, the Chowdhury, Hoffmann, and Schabert (2006) and Ravenna and Walsh (2006) papers cited in the previous section, show how the assumptions of the New…”