By combining industry-level data on output and prices with monetary policy rates for a panel of 88 countries, this paper analyzes how the effects of monetary policy vary with certain industry characteristics. Next to being interesting in their own right, our results are informative on the...

By combining industry-level data on output and prices with monetary policy rates for 88 countries, we analyze how the effects of monetary policy vary with industry characteristics. Next to being interesting in their own right, our results are informative on the importance of various transmission...

This paper adds life-cycle features to a New Keynesian model and shows how this places financial wealth at the center of consumption/saving decisions, thereby enriching the determinants of aggregate demand and affecting the transmission of monetary policy. As retirement preoccupations...