Digitalization, retail trade and monetary policy
• We study the role of digitalization for the effectiveness of monetary policy. • Increases in the share of online retail trade render overall prices less sticky. • The real effects of monetary policy abate as the share of online retail trade rises. • This is shown theoretically and confirmed by an...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Glocker, Christian [verfasserIn] |
|---|
| Format: |
E-Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
2021 |
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| Schlagwörter: |
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| Übergeordnetes Werk: |
Enthalten in: Public knowledge of cardiopulmonary resuscitation in Republic of Serbia - Pavlovic, Aleksandar ELSEVIER, 2013, Amsterdam [u.a.] |
|---|---|
| Übergeordnetes Werk: |
volume:112 ; year:2021 ; pages:0 |
| Links: |
|---|
| DOI / URN: |
10.1016/j.jimonfin.2020.102340 |
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| 520 | |a • We study the role of digitalization for the effectiveness of monetary policy. • Increases in the share of online retail trade render overall prices less sticky. • The real effects of monetary policy abate as the share of online retail trade rises. • This is shown theoretically and confirmed by an interactive Bayesian VAR model. • We identify a structural rather than cyclical element for reduced policy efficacy. | ||
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Serbia</subfield><subfield code="d">2013</subfield><subfield code="g">Amsterdam [u.a.]</subfield><subfield code="w">(DE-627)ELV008776016</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:112</subfield><subfield code="g">year:2021</subfield><subfield code="g">pages:0</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1016/j.jimonfin.2020.102340</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_U</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ELV</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_U</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-PHA</subfield></datafield><datafield tag="936" ind1="b" ind2="k"><subfield code="a">44.80</subfield><subfield code="j">Unfallmedizin</subfield><subfield code="j">Notfallmedizin</subfield><subfield code="q">VZ</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">112</subfield><subfield code="j">2021</subfield><subfield code="h">0</subfield></datafield></record></collection>
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