Cloyne, James; Thomas, Ryland; Tuckett, Alex; Wills, Samuel - 2015
This paper sets out an empirical framework for examining the dynamics of money and credit at a sectoral level. Our … stocks of broad money and credit held by different sectors. Each sector is modelled as a separate block with money, credit … second, the effect of disturbances to credit markets. We also discuss how other policy tools, such as the Funding for Lending …