Banks' Financial Conditions and the Transmission of Monetary Policy: A Favar Approach
نویسندگان
چکیده
منابع مشابه
Liquidity, Risk Premia, and the Financial Transmission of Monetary Policy
In recent years there has been a resurgence of research on the transmission of monetary policy through the financial system, fueled in part by empirical findings showing that monetary policy affects asset prices and the financial system in ways not explained by the New Keynesian paradigm. In particular, monetary policy appears to impact risk premia in stock and bond prices, and to effectively c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1690563