The Cost Channel of Monetary Transmission

By M. Barth, V. Ramey. NBER macroeconomics annual, 2001

677 citations recorded by the source corpus.

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Citations in the corpus

Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020, background): “In that context, Peek and Rosengren (2005) document that banks close to the regulatory capital constraint extended credit to weak firms to avoid realizing losses and Caballero et al. (2008) show that this zombie lending affected healthy firms, reducing their investment and employment growth. Giannet”
An alternative explanation of the price puzzle (2004, positive): “Similar results are reported by Barth and Ramey (2001) .”
Banks' Loan Portfolio and the Monetary Transmission Mechanism (2004, background): “Christiano, Eichenbaum, and Evans (1999), however, show that to determine the effects of a monetary policy shock one can work with the less-restrictive assumption that A has the following block-triangular structure: A = A11 0k1×1 0k1×k2A21 A22 01×k2 A31 A32 A33 (4) where A11 is a (k1 × k1) matrix,”
Labor Market Search and Monetary Shocks (2002, background): “Barth and Ramey (2001) have used industry-level data to examine this cost channel.”
Does inflation increase after a monetary policy tightening? Answers based on an estimated DSGE model ☆ (2007, background): “Barth and Ramey (2001) reach this conclusion using industry level and aggregate data for the United States, and show that their finding is robust even when commodity prices are introduced in their VAR. More recent work by Christiano et al. (2005) reaches the same conclusion, using aggregate data.”
Macroeconomic Shocks and Their Propagation (2016, background): “Cover (1992) was one of the first to present evidence q See, for example, Faust (1998), Barth and Ramey (2002), and Boivin and Giannoni (2006).”
THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY (2009, background): “Barth and Ramey (2001), Dedola and Lippi (2005), and Peersman and Smets (2005) study the output effects of monetary policy shocks on different manufacturing industries and find positively correlated output responses across industries and quantitatively large responses on the part of durable good…”
Has Monetary Policy Become More Effective? (2006, neutral): “Since every supplier faces the same demand function given by (6), all suppliers allowed to change their price in period t will choose the same price pt that 23This can be seen by taking first differences of equation (11), and combining with (8).”
Monetary and Fiscal Policy Switching (2007, neutral): “To the extent that firms must borrow to finance wage bills and new investment, lower interest rates reduce the costs of production and can lead naturally to lower inflation, at least for some period [Barth and Ramey (2002), Christiano, Eichenbaum, and Evans (2001)].”