Firm-Level Data and Monetary Policy : The Case of a Middle Income Country /

We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with meas...

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Detalhes bibliográficos
Autor principal: Bounader, Lahcen
Outros Autores: Doukali, Mohamed
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
coleção:IMF Working Papers; Working Paper ; No. 2019/239
Acesso em linha:Full text available on IMF