References
- Allen , F and Gale , D . 2001 . Comparing Financial Systems , Cambridge , MA : MIT Press .
- Altunbas, Y., Gambacorta, L. and Marques-Ibanez, D. (2009) Bank risk and monetary policy, Working Paper Series No. 1075, European Central Bank
- Angeloni , I . 1994 . Strumenti e obiettivi operativi della Banca d'Italia: verso un modello europeo . Note Economiche , 14 : 128 – 61 .
- Angeloni, I. and Ehrmann, M. (2003) Monetary policy transmission in the Euro Area: any changes after EMU?, Working Paper Series No. 240, European Central Bank
- Angeloni , I , Kashyap , A and Mojon , B . 2003 . Monetary Policy Transmission in the Euro Area , Cambridge : Cambridge University Press .
- Banca d’Italia (1997) I canali di trasmissione della politica monetaria nel modello econometrico trimestrale della Banca d'Italia, Temi di Discussione No. 316, Banca d’Italia
- Barth , MJ and Ramey , V . 2001 . “ The cost channel of monetary transmission ” . In NBER Macroeconomics Annual 2001 , Edited by: Bernanke , B. and Rogoff , K. 199 – 239 . Cambridge , MA : MIT Press .
- Bernanke, B. (2010) On the Implications of the Financial Crisis for Economic Policy, Bendheim Center for Finance and Center for Economic Policy Studies, Princeton University, Princeton
- Bernanke , B and Gertler , M . 1995 . Inside the black box: the credit channel of monetary policy transmission . Journal of Economic Perspectives , 9 : 27 – 48 .
- Cecchetti, S. G., Disyatat, P. and Kohler, M. (2009) Integrating financial stability: new models for a new challenge, in BIS-ECB Workshop on Monetary Policy and Financial Stability, September, Basel
- Chiades , P and Gambacorta , L . 2004 . The Bernanke and Blinder model in an open economy: the case of Italy . The German Economic Review , 5 : 1 – 34 .
- Chowdhury , I , Hoffmann. , M and Schabert , A . 2006 . Inflation dynamics and the cost channel of monetary transmission . European Economic Review , 50 : 995 – 1016 .
- Christiano , LJ and Eichenbaum , M . 1992 . Liquidity effects and the monetary transmission mechanism . American Economic Review , 80 : 703 – 25 .
- Christiano , LJ , Eichenbaum , M and Evans , CL . 1997 . Sticky price and limited participation models of money: a comparison . European Economic Review , 41 : 1201 – 49 .
- Christiano, L. J., Motto, R. and Rostagno, M. (2007) Two reasons why money and credit may be useful in monetary policy, in paper presented at The 4th ECB Central Banking Conference, 9–10 November 2006, Frankfurt
- Christiano, L. J., Motto, R. and Rostagno, M. (2010) Financial factors in business cycles, ECB Woking Paper Series, No. 1192
- De Fiore, F. and Tristani, O. (2009) Optimal monetary policy in a model of the credit channel, Working Paper Series, No. 1043, European Central Bank
- De Grauwe , P . 1992 . The Economics of Monetary Integration , Oxford : Oxford University Press .
- Dornbush , R , Favero , CA and Giavazzi , F . 1998 . Immediate challenges for the European Central Bank . Economic Policy , 26 : 15 – 64 .
- ECB (2008) 10th Anniversary of the ECB, 1998–2008, European Central Bank, Frankfurt
- Ericsson , NR , Hendry , DF and Mizon , GE . 1998 . Exogeneity, cointegration, and economic policy analysis . Journal of Business and Economic Statistics , 16 : 370 – 87 .
- Fiorentini , R and Tamborini , R . 2002 . Monetary policy, credit and aggregate supply . Economic Notes , 31 : 1 – 48 .
- Gaiotti, E. and Secchi, A. (2004) Are monetary policy actions a supply shock? An exploration using Italian firm-level data, mimeo, Banca d’Italia
- Gertler , M and Gilchrist , S . 1993 . The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence . Scandinavian Journal of Economics , 93 : 43 – 64 .
- Greenwald , BC and Stiglitz , JE . 1988 . “ Imperfect information, finance constraints and business fluctuations ” . In Finance Constraints, Expectations, and Macroeconomics , Edited by: Kohn , M. and Tsiang , S. C. 103 – 40 . Oxford : Clarendon Press .
- Greenwald , BC and Stiglitz , JE . 1993 . Financial market imperfections and business cycles . Quarterly Journal of Economics , 108 : 77 – 113 .
- Greenwald , BC and Stiglitz , JE . 2003 . Towards a New Paradigm in Monetary Economics , Cambridge : Cambridge University Press .
- Hendry , DF and Mizon , GE . 2000 . Reformulating empirical macro-econometric modelling . Oxford Review of Economic Policy , 16 : 138 – 59 .
- Hoover , KD , Johansen , S and Juselius , K . 2008 . Allowing the data to speak freely: the macroeconometrics of the cointegrated vector autoregression (Papers and Proceedings of the American Economic Association) . American Economic Review , 98 : 251 – 5 .
- Johansen , S . 1996 . Likelihood Based Inference in Cointegrated Vector Auto-Regressive Models , Oxford : Oxford University Press .
- Johansen, S. and Juselius, K. (2003) Controlling Inflation in a Cointegrated Vector Autoregressive Model with an Application to US Data, Department of Applied Mathematics and Statistics and Economics Department, University of Copenhagen
- Juselius , K . 2006 . The Cointegrated VAR Model: Methodology and Applications , Oxford : Oxford University Press .
- Leijonhufvud, A. (2007) Monetary and financial stability, CEPR Policy Insight No. 14
- Pfajfar, D. and Santoro, E. (2007) Credit market distortions, asset prices and monetary policy, mimeo, University of Cambridge (UK)
- Ravenna , F and Walsh , CE . 2006 . Optimal monetary policy with the cost channel . Journal of Monetary Economics , 53 : 199 – 216 .
- Sims , C . 1992 . Interpreting the macroeconomic time series facts: the effects of monetary policy . European Economic Review , 36 : 975 – 1000 .
- Spanos, A. (2009), The pre-eminence of theory versus the European CVAR perspective in macroeconomic modeling, Economics E-Journal, 3. Available at http://www.economics-ejournal.org/economics/journalarticles/2009-10 (accessed 15 November 2012)
- Tamborini, R. (2009) The credit–cost channel of monetary policy: a theoretical assessment, Economics E-Journal, 3. Available at http://www.economics-ejournal.org/economics/journalarticles/2009-13 (accessed 15 November 2012)
- Taylor , JB . 1998 . Inflation, Unemployment and Monetary Policy , Cambridge , MA : MIT Press .
- Trautwein , HM . 2000 . The credit view, old and new . Journal of Economic Surveys , 14 : 155 – 89 .
- Visco , I . 1995 . “ Inflation, inflation targeting and monetary policy: notes for discussion on the Italian experience ” . In Inflation Targets , Edited by: Leiderman , L. and Svensson , L. E. O. 142 – 68 . London : CEPR .
- Woodford , M . 2003 . Interest and Prices , Princeton : Princeton University Press .
- Woodford , M . 2010 . Financial intermediation and macroeconomic analysis . Journal of Economic Perspectives , 24 : 21 – 44 .