Collateral Heterogeneity and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms
收藏NBER2021-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28685
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资源简介：
We study the role of heterogeneous financial frictions in investment and credit channels of monetary policy, using firm-bank matched administrative data for the U.S. We find that collateral heterogeneity in loan contracts explains the relaxing/tightening of financial constraints in response to
提供机构：
美国国家经济研究局
创建时间：
2021-04-01
