Banks and the State-Dependent Effects of Monetary Policy
收藏NBER2025-03-01 更新2025-03-08 收录
下载链接：
https://www.nber.org/papers/w33523
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资源简介：
This paper provides empirical evidence that contractionary monetary policy is less powerful in high interest-rate environments. We argue that this state dependence reflects the interaction between banks net interest margins (the return on banks assets minus the per-dollar cost of their funds), and
提供机构：
美国国家经济研究局
创建时间：
2025-03-01
