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Monetary Policy and Bank Lending
A. K. Kashyap
Jeremy C. Stein
出版
National Bureau of Economic Research
, 1993
URL
http://books.google.com.hk/books?id=oIzcQQAACAAJ&hl=&source=gbs_api
註釋
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 microeconomic conditions that are needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view.
