Asymmetries in the bank lending channel of monetary policy in the United States

C-Tier

Journal: Economics Letters

Year: 2020

Volume: 189

Issue: C

Authors (2)

Sapriza, Horacio (Federal Reserve Bank of Richmo...) Temesvary, Judit (Federal Reserve Board (Board o...)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We study the presence of asymmetries in the transmission of monetary policy in the United States. We find that the bank lending channel is stronger when the Federal Reserve tightens monetary policy, particularly when the monetary policy stance is expansionary.

Asymmetries in the bank lending channel of monetary policy in the United States

Authors (2)

Abstract

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