This paper documents a new dollar channel that transmits monetary policy across borders. Exploiting unique features of … the syndicated loan market for identification, we show that changes in the euro-dollar exchange rate around ECB monetary … policy announcements that are orthogonal to simultaneous changes in euro-area interest rates and stock prices affect U …

volatility. While they dislike inflation because it erodes real wages, they are hurt even more by an aggressive monetary policy …

the recent economic environment, making them informative for policymakers. We examine oil supply, monetary policy, and … monetary policy shocks but not to forward guidance. Finally, we investigate firm heterogeneity and expectations. …

We provide empirical evidence on banks’ market power in financial services and its implications for monetary policy … offer lower deposit rates with less pass-through from monetary policy. We argue that this is the result of product tying …