Carpenter, Seth; Demiralp, Selva; Eisenschmidt, Jens - In: Journal of Economic Dynamics and Control 43 (2014) C, pp. 107-129
A number of studies sought to measure the effects of non-standard policy on bank funding markets. This paper carries those estimates a step further by looking at the effects of bank funding market stress on the volume of bank lending. By separately modeling loan supply and demand, we determine...