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A survey of non-financial sector balance sheets in industialised countries: implications for the monetary policy transmission mechanism

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  • J T Kneeshaw
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    Abstract

    This paper identifies the similarities and differences in the balance sheets of the household and business sectors in 14 industrialised countries with a view to identifying their implications for the transmission mechanism of monetary policy. The analysis draws on the central bank responses to a detailed questionnaire and other available information. Differences in the size and sectoral pattern of potential income and wealth effects are highlighted. The paper is part of a broader BIS cross-country study on the impact of financial structure on the transmission mechanism.

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    Bibliographic Info

    Paper provided by Bank for International Settlements in its series BIS Working Papers with number 25.

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    Length: 66 pages
    Date of creation: Apr 1995
    Date of revision:
    Handle: RePEc:bis:biswps:25

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