This paper investigates the impact of monetary policy on capital misallocation, focusing on its heterogeneous effects on firms. Using Spanish firm-level data spanning 1999 to 2019, we demonstrate that ...

Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

We study the macroeconomic effects ... that monetary policy, in its capacity to manage aggregate demand, should play during the epidemic. According to our results, treating the observed output ...

Translating that from the model to every day economics it basically ... given all of the above, more likely the expansionary fiscal policy will end up being contractionary in terms of output.

Monetary policy is either expansionary (mainly by lowering interest ... This is leading to imports becoming even costlier (negating the effect of some of the recent softening in commodity prices ...