Essays about: "Jessica Geraghty"

Found 1 essay containing the words Jessica Geraghty.

  1. 1. Decomposing the Consumption Response to Monetary Policy Shocks in Australia

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Jessica Geraghty; [2022]
    Keywords : Consumption; Household heterogeneity; Income distribution; Marginal propensity to consume; Monetary policy transmission;

    Abstract : Does monetary policy affect households differently depending on their position on the income distribution? If so, what drives the differences? This paper attempts to answer these questions by decomposing changes in consumption following a monetary policy shock into several direct and indirect channels of transmission. Although direct channels of transmission are the most important in traditional representative agent models, the indirect channels are dominant when households are heterogeneous. READ MORE