Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2022
sales growth. We find evidence that firms with more market power respond less to monetary policy shocks. These results show … by market structure. First, we use as an experiment the announcement of the ECB Outright Monetary Transactions (OMT …Monetary policy aims at affecting corporate borrowing by influencing the marginal costs of firms, but its potency can …