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Erratum to: "On the firm-level implications of the bank lending channel of monetary policy" [J. Econ. Dynamics Control 34 (10) (2010) 2038-2055]
Aliaga-Díaz, Roger; Olivero, María Pía - In: Journal of Economic Dynamics and Control 35 (2011) 5, pp. 813-813
Persistent link: https://www.econbiz.de/10008864730
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On the firm-level implications of the Bank Lending Channel of monetary policy
Díaz, Roger Aliaga; Olivero, María Pía - In: Journal of Economic Dynamics and Control 34 (2010) 10, pp. 2038-2055
Standard models of the Bank Lending Channel are unable to yield predictions on the differential impact of monetary policy shocks over heterogeneous borrowers. This inability has made researchers doubt about the role played by bank credit as a transmission mechanism of monetary policy. Moreover,...
Persistent link: https://www.econbiz.de/10008864763