Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation
收藏NBER2020-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27258
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资源简介：
We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a dynamic banking model in which monetary policy affects imperfectly competitive banks funding costs. Banks optimize the pass-through of these costs to borrowers and depositors, while
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
