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The Bank Lending Channel Revisited

✍ Scribed by PITI DISYATAT

Book ID
109147145
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
260 KB
Volume
43
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