Butt, Nick; Churm, Rohan; McMahon, Michael; Morotz, Arpad; … - Bank of England - 2014
We test whether quantitative easing (QE) provided a boost to bank lending in the United Kingdom, in addition to the … the Bank, we use two alternative approaches to identify the effects of variation in deposits on individual banks' balance … traditional bank lending channel (BLC) in the spirit of the model due to Kashyap and Stein. We show in a simple BLC framework that …