Lighting the shadows: central bank policy transmission through banks and non-banks
A DSGE model reveals that interest-rate policy transmission to output remains robust as non-bank finance grows, but quantitative easing effectiveness depends critically on non-bank sector composition.
Featured in No. 139 on 13 Nov 2026 · 4 days after release
- Released
- 9 Nov 2026
- First featured
- No. 139 · 13 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:boe:boeewp:023907
- Authors
- Nicolò Bandera et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).