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The Bank Lending Channel: A FAVAR Analysis

✍ Scribed by DAVE, CHETAN; DRESSLER, SCOTT J.; ZHANG, LEI


Book ID
121741134
Publisher
John Wiley and Sons
Year
2013
Tongue
English
Weight
900 KB
Volume
45
Category
Article
ISSN
0022-2879

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The bank lending channel implies the Federal Reserve can inΒ―uence real income by controlling the level of intermediated loans. Using the notion of causality developed by Simon (1953) and the causal order methodology developed by Hoover (1990), I test for an operative bank lending channel in the tran