channels of monetary policy in the euro area. When households have heterogeneous MPCs and balance sheets, three … obtain a representative euro area dataset with detailed information on household balance sheets and consumption. I use a …

into account the heterogeneity of WAEMU banks' balance sheets. The methodology adopted to achieve this objective is VAR … banks' balance sheets contributes to the reinforcement of the financial crowding-out effect in the WAEMU. This crowding … proportion of sovereign debt on their balance sheets. The high proportion of sovereign debt on banks' balance sheets creates …

channels of monetary policy in the euro area. When households have heterogeneous MPCs and balance sheets, three … obtain a representative euro area dataset with detailed information on household balance sheets and consumption. I use a …