Monetary Policy and Bank Lending

Anil Kashyap and Jeremy C. Stein

No 4317, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

Date: 1993-04
Note: ME
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Citations: View citations in EconPapers (107)

Published as Monetary Policy, ed. N. Gregory Mankiw, University of Chicago Press, 1994
Published as Monetary Policy and Bank Lending , Anil K. Kashyap, Jeremy C. Stein. in Monetary Policy , Mankiw. 1994

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Chapter: Monetary Policy and Bank Lending (1994)
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