Heterogeneity in Monetary Policy Transmission Mechanism

This research article examines the varying impacts of monetary policy (MP) transmission on different entities within Vietnam's economy, including banks, businesses, and households. It highlights the heterogeneity in responses to MP changes, influenced by factors such as size, capital structure, and risk aversion. The findings underscore the importance of understanding these differences to enhance the effectiveness of monetary policy in controlling inflation and stimulating economic growth.