Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2022
by market structure. First, we use as an experiment the announcement of the ECB Outright Monetary Transactions (OMT …-of-the-art measures of monetary policy shocks to study how market structure affects pass-through to real variables, like investment and … that the interaction of borrowing capacity and market structure matters, and that concentration may have important effects …