Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models are Miscalibrated
收藏NBER2023-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31484
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资源简介：
Existing macroeconomic models focused on bank balance sheet lending are deficient because they do not account for the modern industrial organization of financial intermediation. Utilizing publicly available micro-level lending data, we investigate two increasingly significant margins of adjustment
提供机构：
美国国家经济研究局
创建时间：
2023-07-01
