Inside the Black Box: The Credit Channel of Monetary Policy Transmission
收藏NBER1995-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5146
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资源简介：
The 'credit channel' theory of monetary policy transmission holds that informational frictions in credit markets worsen during tight- money periods. The resulting increase in the external finance premium--the difference in cost between internal and external funds-- enhances the effects of monetary
提供机构：
美国国家经济研究局
创建时间：
1995-06-01
