Heterogeneous bank lending responses to monetary policy: new evidence from a real-time identification
We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending, at both the bank and U.S. state levels. We use a new policy measure identified from narratives on FOMC intentions and real-time economic forecasts. This policy measure eliminates some...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
Association of the International Journal of Central Banking
2017
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