The bank lending channel implies the Federal Reserve can influence real income by controlling the level of intermediated loans. Using the notion of causality developed by Simon (1953) and the causal order methodology developed by Hoover (1990), I test for an operative bank lending channel in the...

This article presents evidence showing that success in football and men’s basketball at the National Collegiate Athletic Association (NCAA) Division I level positively affects enrollment of local high school graduates at a college or university. Panel regressions for eight California...