The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
The Cost Channel of Monetary Transmission
Open accessAbstract
This paper presents evidence that the "cost channel" may be an important part of the monetary transmission mechanism.We argue that if working capital is an essential component of production and distribution, monetary contractions can affect output through a supply channel as well as the traditional demand-type channels.We specify an industry equilibrium model and use it to interpret the results of a VAR analysis.We find that following a monetary contraction, many industries exhibit periods of falling output and rising price-wage ratios, consistent with a supply shock in our model.We also show that the effects are noticeably more pronounced during the period before 1979.
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Cites
Agency Costs, Net Worth, And Business Fluctuations
Bernanke, B., Gertler, M., Bernanke, B., & Gertler, M. (1988) · Unknown · doi:10.22004/ag.econ.292693 · Cited by 4,386
Monetary policy, business cycles, and the behavior of small manufacturing firms
Gertler, M., & Gilchrist, S. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118465 · Cited by 2,547
Cited by
Blanchard, O. J., & Riggi, M. (2013) · Journal of the European Economic Association · doi:10.1111/jeea.12029 · Cited by 363
How Raising Interest Rates Can Cause Inflation and Currency Depreciation
Egilsson, J. H. (2020) · Journal of Applied Economics · doi:10.1080/15140326.2020.1795526 · Cited by 28
Metadata
- Authors
- Barth, M., & Ramey, V.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2000-04
- OpenAlex
- W3124198157
- Cited by
- 350
- References
- 2
- Type
- report
- Language
- en
- Open access
- green
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- Barth, M., & Ramey, V. (2000). The Cost Channel of Monetary Transmission. National Bureau of Economic Research. https://doi.org/10.3386/w7675
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
