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Your search keyword '"Bank lending standards"' showing total 2 results
Start Over Descriptor "Bank lending standards" Topic bayesian analysis
2 results on '"Bank lending standards"'

1. Bank lending standards, the cost channel and inflation dynamics

Author

Kaufmann, Sylvia and Scharler, Johann

Subjects
E50, ddc:330, Bayesian Analysis, Bank Lending Standards, New Keynesian Phillips Curve, E40, E52, Cost Channel
Abstract

If firms borrow working capital to finance production, then nominal interest rates have a direct influence on inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank lending standards as a potential additional cost source and evaluate their empirical importance in explaining inflation dynamics in the US and in the euro area.

Published
2010

2. Bank-Lending Standards, the Cost Channel and Inflation Dynamics

Author

Kaufmann, Sylvia and Scharler, Johann

Subjects
New-Keynesian Phillips Curve, Bank Lending Standards, New Keynesian Phillips Curve, Inflation, Bayesian, Bayes-Statistik, Kointegration, E50, Kreditgeschäft, ddc:330, EU-Staaten, Bayesian Analysis, Bankenpolitik, E40, Cost Channel, USA, Schätzung
Abstract

If firms borrow working capital to finance production, then nominal interest rates have a direct influence on in inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank lending standards as a potential additional cost source and evaluate their empirical importance in explaining in ation dynamics in the US and in the euro area.

Published
2010

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