Manufacturing leverage weakens ECB monetary policy – BoI paper


Higher leverage among eurozone manufacturing firms weakens the effectiveness of the monetary policy, a working paper published by the Bank of Italy finds.

In Corporate leverage and monetary policy effectiveness in the euro area, Simone Auer, Marco Bernardini and Martina Cecioni focus on the eurozone’s manufacturing sector. The authors examine how sensitive industrial production is to shocks caused by the European Central Bank’s policy.

They find that when leverage in the manufacturing sector

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments