Heterogeneity and monetary policy: A thematic review

Arbeitspapier

The heterogeneity of businesses and households impacts aggregate economic fluctuations and, in turn, is shaped by aggregate fluctuations. This view has emerged over the last decade with strong implications for the transmission and conduct of monetary policy. Our thematic review focuses on key aspects of this new theory as well as its underlying assumptions. We place the insights in a Canadian context using relevant microeconomic and macroeconomic data.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Bank of Canada Staff Discussion Paper ; No. 2022-2

Classification and Topics

• Classification: Wirtschaft ; Personal Income, Wealth, and Their Distributions ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Monetary Policy, Central Banking, and the Supply of Money and Credit: General ; Monetary Policy ; Intertemporal Firm Choice: Investment, Capacity, and Financing ; Investment; Capital; Intangible Capital; Capacity
• Subject: Economic models ; Monetary policy transmission ; Monetary policy and uncertainty

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Alves, Felipe ; Bustamante, Christian ; Guo, Xing ; Kartashova, Katya ; Lee, Soyoung ; Pugh, Thomas ; See, Kurt ; Terajima, Yaz ; Ueberfeldt, Alexander
• Event: Veröffentlichung
• (who): Bank of Canada
• (where): Ottawa
• (when): 2022

Further information

• DOI: doi:10.34989/sdp-2022-2
• Handle: http://hdl.handle.net/10419/251032
• Last update: 10.03.2025, 11:43 AM CET