Work

Monetary Policy and Bank Lending

Year: 1993

Type: report

Abstract: This paper surveys recent work that relates to the "lending" view of monetary policy transmission.It has three main goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to outline the microcconomic conditions that arc needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view.

Source: National Bureau of Economic Research

DOI: 10.3386/w4317

Authors: Anil Kashyap, Jeremy Stein

Institutions: National Bureau of Economic Research, University of Chicago, Federal Reserve Bank of Chicago, Harvard University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1494838899

Cites: 53

Cited by: 648

Related to: 10