Asymmetries in the bank lending channel of monetary policy in the United States

Horacio Sapriza and Judit Temesvary

Economics Letters, 2020, vol. 189, issue C

Abstract: We study the presence of asymmetries in the transmission of monetary policy in the United States. We find that the bank lending channel is stronger when the Federal Reserve tightens monetary policy, particularly when the monetary policy stance is expansionary.

Keywords: Bank lending channel; Monetary policy transmission; Expansionary monetary policy stance (search for similar items in EconPapers)
JEL-codes: E3 E5 G2 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:189:y:2020:i:c:s0165176520300604

DOI: 10.1016/j.econlet.2020.109050

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