Bouis, Romain; Rawdanowicz, Łukasz; Renne, Jean-Paul; … - 2013
In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD economies. It … assesses the effectiveness of monetary policy in recent years. It finds that notwithstanding an almost full transmission of … the banking sector in most countries, with the exception of vulnerable euro area economies, monetary policy stimulus did …