Leaning Against Windy Bank Lending /

Using an estimated dynamic stochastic general equilibrium model with banking, this paper first provides evidence that monetary policy reacted to bank loan growth in the US during the Great Moderation. It then shows that the optimized simple interest-rate rule features no response to the growth of ba...

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Xehetasun bibliografikoak
Egile nagusia: Melina, Giovanni
Beste egile batzuk: Villa, Stefania
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2017.
Saila:IMF Working Papers; Working Paper ; No. 2017/179
Sarrera elektronikoa:Full text available on IMF

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