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150128 ||| eng |
| 020 |
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|a 9781484356760
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| 100 |
1 |
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|a Bluedorn, John
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| 245 |
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0 |
|a Heterogeneous Bank Lending Responses to Monetary Policy
|b New Evidence from a Real-time Identification
|c John Bluedorn, Christopher Bowdler, Christoffer Koch
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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| 300 |
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|a 39 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Prices
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| 653 |
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|a Monetary aggregates
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Deflation
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Public Administration
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Price Level
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Financial statements
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Loans
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Money
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| 653 |
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|a Inflation
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Finance, Public
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Banking
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| 653 |
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|a Accounting
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| 653 |
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|a Monetary economics
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| 653 |
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|a Finance
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Money supply
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| 653 |
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|a Financial institutions
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| 653 |
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|a Banks and banking
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| 653 |
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|a Mortgages
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Bank credit
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| 700 |
1 |
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|a Bowdler, Christopher
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| 700 |
1 |
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|a Koch, Christoffer
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781484356760.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2013/118/001.2013.issue-118-en.xml?cid=40557-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a 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 economic forecasts, we find much greater heterogeneity in U.S. bank lending responses than that found in previous research based on realized federal funds rate changes. Our findings suggest that studies using realized monetary policy changes confound the monetary policy's effects with those of changes in expected macrofundamentals. We also extend Romer and Romer (2004)'s identification scheme, and expand the time and balance sheet coverage of the U.S. banking sample
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