Heterogeneous Bank Lending Responses to Monetary Policy : New Evidence from a Real-time Identification /
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 tha...
| Autor principal: | |
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| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2013/118 |
| Accés en línia: | Full text available on IMF |