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Monetary Policy and Balance Sheets

Alain Kabundi, Deniz Igan, Francisco Nadal De Simone and Natalia Tamirisa ()

No 364, Working Papers from Economic Research Southern Africa

Abstract: This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded data set, including sectoral balance sheet variables, we show that the balance sheets of various economic agents act as important links in the monetary […]

Keywords: econometric modelling; Financial Accounting; Macroeconomic Models (search for similar items in EconPapers)
JEL-codes: E44 E52 G20 (search for similar items in EconPapers)
Date: 2013-08-01
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (13)

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Journal Article: Monetary policy and balance sheets (2017) Downloads
Working Paper: Monetary Policy and Balance Sheets (2013) Downloads
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