Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism
收藏数据链接：
官方服务：
资源简介：
This paper shows that the disproportionate impact of tight monetary policy on banks' ability to lend is largely the consequence of Federal Reserve actions aimed at reducing bank loans directly, rather than an inherent feature of the monetary transmission mechanism. We provide two types of evidence
提供机构：
美国国家经济研究局创建时间：
1993-10-01
