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macrofundamentals. In fact, estimates from identified monetary policy changes lead to a reversal of U.S. states’ ranking by credit …
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inscribed in Regulation Q on the transmission of federal funds rate changes to bank level credit growth using a historic bank … ceiling. Interaction terms with monetary policy suggest that the policy impact on bank level credit growth was non-linear at … deregulation and thus weakened the credit channel of monetary transmission since the early 1980s. …
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Most U.S. house price models break down in the mid-2000s due to the omission of exogenous changes in mortgage credit …. Previous models lack data on credit constraints facing first-time homebuyers. Incorporating a measure of credit conditions …
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