Banking on Inattention
收藏NBER2026-02-01 更新2026-02-07 收录
下载链接：
https://www.nber.org/papers/w34783
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资源简介：
We show that depositor inattention gives banks deposit market power, explaining incomplete monetary pass-through and generating interest rate exposure that changes sign over the monetary cycle. We present a dynamic deposit-pricing model in which banks trade off current deposit spreads against future
提供机构：
美国国家经济研究局
创建时间：
2026-02-01
