Download the fantastic book titled Heterogeneous Bank Lending Responses to Monetary Policy written by Mr.John C Bluedorn, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Heterogeneous Bank Lending Responses to Monetary Policy", which was released on 22 May 2013. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Heterogeneous Bank Lending Responses to Monetary Policy by Mr.John C Bluedorn PDF
We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time economic forecasts, we find much greater heterogeneity in U.S. bank lending responses than that found in previous research based on realized federal funds rate changes. Our findings suggest that studies using realized monetary policy changes confound the monetary policy’s effects with those of changes in expected macrofundamentals. We also extend Romer and Romer (2004)’s identification scheme, and expand the time and balance sheet coverage of the U.S. banking sample.
Detail About Heterogeneous Bank Lending Responses to Monetary Policy PDF
- Author : Mr.John C Bluedorn
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 39 pages
- ISBN : 1484323378
- Release Date : 22 May 2013
- PDF File Size : 45,6 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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