  Typ výsledku
Autor celku
Název celku(Celkem 1 zázn.)
|
|---|
| Maghakyan, Sargis, The results show that imperfect competition in the banking sector leads to a smaller response of HtM households’ consumption to contractionary monetary policy, thus reducing consumption inequality. However, banking sector imperfections generate more wealth inequality for a given monetary shock and smaller income inequality. In addition, financial frictions dampen the impact of the shock on the aggregate output through general equilibrium effects. Furthermore, I find that tighter macroprudential policies and higher market concentration of banks strengthen these effects when banks are imperfectly competitive, while higher precautionary motives relax them. [Jiný výsledek] |
