• Monetary policy shock, financial frictions and heterogeneous firms 

      Cao, Jin; Hamano, Masashige; Maih, Junior (Working paper;13/2024, Working paper, 2024)
      This paper examines the influence of financial constraints on the transmission of monetary policy shocks across heterogeneous firms. To this end, we develop a Dynamic Stochastic General Equilibrium (DSGE) model incorporating ...