Printed from https://ideas.repec.org/b/bis/bisbps/157.html
My bibliography
Save this book
How can central banks take account of differences across households and firms for monetary policy?
Author
Abstract
Different economic agents might respond differently to the same policy action. Information about household and firm heterogeneity can, therefore, enhance central banks' understanding of monetary policy transmission and ultimately its effectiveness. Cross-sectional data can also help central banks understand economic conditions and the distributional effects of monetary policy. The papers in this volume examine the extent to which cross-sectional differences matter for monetary policy in emerging market economies, why they matter, and how central banks can adjust their monetary policy approaches in response. The papers also identify challenges to incorporating cross-sectional information in monetary policy analysis, such as data limitations, technical complexities, and communications.
Individual chapters are listed in the "Chapters" tab
Suggested Citation
Download full text from publisher
Book Chapters
The following chapters of this book are listed in IDEAS- Yingwei Dong & Tirupam Goel & Emanuel Kohlscheen & Philip Wooldridge, 2025. "Keeping the momentum: how finance can continue to support growth in EMEs," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 1-32, Bank for International Settlements.
- Central Bank of Argentina, 2025. "Monetary Policy and Distribution: Insights from Argentina," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 33-44, Bank for International Settlements.
- Central Bank of Chile, 2025. "Firm and household heterogeneity at the Central Bank of Chile," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 45-62, Bank for International Settlements.
- People's Bank of China, 2025. "Addressing heterogeneity via structural monetary policy: China's practices," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 63-72, Bank for International Settlements.
- Central Bank of Colombia, 2025. "Changes in the distribution of new loans by risk category throughout the post-pandemic credit cycle in Colombia," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 73-102, Bank for International Settlements.
- Czech National Bank, 2025. "Household and firm heterogeneity," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 103-120, Bank for International Settlements.
- Hong Kong Monetary Authority, 2025. "Monetary policy decision-making: how are household and firm heterogeneity incorporated?," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 121-130, Bank for International Settlements.
- Magyar Nemzeti Bank, 2025. "Monetary policy decision-making: how are household and firm heterogeneity incorporated in Hungary?," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 131-146, Bank for International Settlements.
- Reserve Bank of India, 2025. "Monetary policy and heterogeneities - India," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 147-154, Bank for International Settlements.
- Bank Indonesia, 2025. "Bank Indonesia's approach to incorporating household and firm heterogeneity in monetary policy decision-making," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 155-160, Bank for International Settlements.
- Bank of Israel, 2025. "Monetary tightening at work: transmission and heterogeneity," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 161-170, Bank for International Settlements.
- Bank of Korea, 2025. "Heterogeneity and monetary policy in Korea," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 171-182, Bank for International Settlements.
- Bank Negara Malaysia, 2025. "Household and firm heterogeneity in monetary policy decision-making - Malaysia's perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 183-194, Bank for International Settlements.
- Banco de Mexico, 2025. "Monetary policy transmission in Mexico: an overview and banking channels insights using granular data," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 195-224, Bank for International Settlements.
- Central Reserve Bank of Peru, 2025. "Heterogeneity considerations in monetary policy design: the case of Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 225-242, Bank for International Settlements.
- Bangko Sentral ng Pilipinas, 2025. "Monetary Policy and Degree of Heterogeneity in the Philippines," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 243-256, Bank for International Settlements.
- National Bank of Poland, 2025. "Monetary policy and welfare redistribution in Poland," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 257-270, Bank for International Settlements.
- Saudi Central Bank, 2025. "Household and firm-level heterogeneity in monetary policy: the case of Saudi Arabia," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 271-278, Bank for International Settlements.
- South African Reserve Bank, 2025. "The role of household and firm heterogeneity in the South African Reserve Bank's monetary policy deliberations," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 279-284, Bank for International Settlements.
- Bank of Thailand, 2025. "Monetary policy and household heterogeneity," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 285-294, Bank for International Settlements.
- Central Bank of the Republic of Türkiye, 2025. "The heterogeneous impact of monetary policy announcements on firms' financial outcomes," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 295-330, Bank for International Settlements.
- State Bank of Vietnam, 2025. "The Heterogeneity of Banks, Businesses and Households in the Monetary Policy Transmission Mechanism," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 331-359, Bank for International Settlements.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:bisbps:157. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Fessler (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.