Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation
收藏数据链接：
官方服务：
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
