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Kashyap, Anil K.; Stein, Jeremy C. - 1993

Persistent link: https://www.econbiz.de/10000863088

Monetary exchange in over-the-counter markets : a theory of speculative bubbles, the Fed model, and self-fulfilling liquidity crises

Lagos, Ricardo; Zhang, Shengxing - 2015

Persistent link: https://www.econbiz.de/10011349390

What do a million observations on banks say about the transmission of monetary policy?

Kashyap, Anil K.; Stein, Jeremy C. - In: The American economic review 90 (2000) 3, pp. 407-428

Persistent link: https://www.econbiz.de/10001505218

The impact of monetary policy on bank balance sheets

Kashyap, Anil K.; Stein, Jeremy C. - 1994

Persistent link: https://www.econbiz.de/10000904519

Turnover Liquidity and the Transmission of Monetary Policy

Lagos, Ricardo - 2018

We provide empirical evidence of a novel liquidity-based transmission mechanism through which monetary policy influences asset markets, develop a model of this mechanism, and assess the ability of the quantitative theory to match the evidence

Persistent link: https://www.econbiz.de/10012910296

On Money as a Medium of Exchange in Near-Cashless Credit Economies

Lagos, Ricardo - 2019

. Theoretically, we show that the cashless limit of the monetary equilibrium (as the cash-and-credit economy converges to a pure …-credit economy) need not correspond to the equilibrium of the nonmonetary pure-credit economy. Quantitatively, we find that the … magnitudes of the responses of prices and allocations to monetary policy in the monetary economy are sizeable—even in the …

Persistent link: https://www.econbiz.de/10012871153

What Do a Million Banks Have to Say About the Transmission of Monetary Policy?

Kashyap, Anil K.; Stein, Jeremy C. - 2021

In an effort to shed new light on the monetary transmission mechanism, we create a panel data set that includes quarterly observations of every insured commercial bank in the United States over the period 1976-1993. Our key cross-sectional finding is that the impact of monetary policy on lending...

Persistent link: https://www.econbiz.de/10013218905

Monetary Policy and Bank Lending

Kashyap, Anil K.; Stein, Jeremy C. - 2021

This paper surveys recent work that relates to the "lending" view of monetary policy transmission. It has three main goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to outline the microeconomic conditions that are needed to...

Persistent link: https://www.econbiz.de/10013232736

Turnover liquidity and the transmission of monetary policy

Lagos, Ricardo; Zhang, Shengxing - In: The American economic review 110 (2020) 6, pp. 1635-1672

Persistent link: https://www.econbiz.de/10012256314

On money as a medium of exchange in near-cashless credit economies

Lagos, Ricardo; Zhang, Shengxing - 2019

Persistent link: https://www.econbiz.de/10012026841