Q-Monetary Transmission

We thank Sebastián Fanelli, Pascal Paul, and Ander Pérez-Orive for their useful discussions. We also thank Vladimir Asriyan, Isaac Baley, Jordi Galí, Victoria Vanasco, and Jaume Ventura for their feedback. Jeenas acknowledges financial support from the Juan de la Cierva - Formación Grant (FJC2019-041561) by the Spanish Ministry of Science, Innovation, and Universities, from the Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 (PID2020-116268GB-I00), and from the Spanish Ministry of Economy and Competitiveness, through the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• May 4, 2022
• August 3, 2022