Heterogeneous Bank Lending Responses to Monetary Policy: New Evidence from a Real-time Identification

We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time economic forecasts, we find much greater heterogeneity in U.S. bank lending responses tha...

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Veröffentlicht in:	IMF working paper 2013, Vol.13 (13/118), p.1
1. Verfasser:	Bluedorn, John
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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