Is there a financial accelerator in US banking?: Evidence from the cyclicality of banks' price-cost margins
Roger Aliaga-Diaz () and
Maria Olivero ()
Economics Letters, 2010, vol. 108, issue 2, 167-171
We show that price-cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a "financial accelerator" in US banking.
Keywords: Banks'; price-cost; margins; RBC; Financial; accelerator (search for similar items in EconPapers)
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