Heterogeneous Bank Lending Responses to Monetary Policy : New Evidence from a Real-time Identification »
Series: IMF Working Papers
Author(s): John Bluedorn , Christopher Bowdler , and Christoffer Koch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 May 2013
Keywords: Monetary Transmission, Lending Channel, Monetary Policy Identification, inflation, holding company, bank holding, Financial Markets and the Macroeconomy, General,
We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time eco...