NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Monetary Policy and Bank Lending

Anil Kashyap, Jeremy C. Stein

NBER Working Paper No. 4317
Issued in April 1993
NBER Program(s):   ME

This paper surveys recent work that relates to the "lending" view of monetary policy transmission. It has three main goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to outline the microeconomic conditions that are needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view.

download in pdf format
   (829 K)

email paper

This paper is available as PDF (829 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w4317

Published:

Users who downloaded this paper also downloaded these:
Kashyap, Stein, and Wilcox w4015 Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance
Bernanke and Gertler w5146 Inside the Black Box: The Credit Channel of Monetary Policy Transmission
Kashyap and Stein w4821 The Impact of Monetary Policy on Bank Balance Sheets
Kashyap and Stein Monetary Policy and Bank Lending
Bernanke and Blinder w2534 Credit, Money, and Aggregate Demand
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us