Abstract
Abstract: Every economy consists of various sectors, each with their own unique traits. These various sectors react differently to the same unexpected macroeconomic shocks. This study finds that the response of various sectors to a shock in monetary policy is varied, with the IT sector being the most sensitive, using correlation values and graphs of financial indicators and monetary policy. The industries that respond most quickly are those involving information technology, automobiles, and banking. The differences in sectoral effects are influenced by a variety of variables, including capital intensity, interest sensitivity, export focus, and production planning techniques. The most efficient means of transmitting money varies throughout the different sectors. In most sectors, the transmission of monetary policy through the interest rate channel has proven to be the most effective, followed by the credit channel. The need for a more sector-specific monetary policy is therefore indicated by the varied sectoral responses
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