Is There a `Credit Channel' for Monetary Policy?
收藏NBER1994-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4977
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This paper argues that the terms `money view' and `credit view' are not always well defined in theoretical and empirical debates over the transmission mechanism of monetary policy. Recent models of information and incentive problems in financial markets suggest the usefulness of decomposing the
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美国国家经济研究局创建时间：
1994-12-01
