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A Bank Lending Channel or a Credit Supply Shock?

Milcheva, Stanimira (2013) A Bank Lending Channel or a Credit Supply Shock? Journal of Macroeconomics 37, pp. 314-332.

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Shifts in credit supply could have a bearing on house prices e.g. through financial innovations and changes in regulation independently of the existence of a bank lending channel of monetary policy. This paper assesses the responses of US house prices to an exogenous credit supply shock and compares them with the effects from variations in credit supply associated with a bank lending channel. The ...


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Item type:Article
Date:1 September 2013
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie
Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS
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Keywords:Bank lending channel; Monetary policy transmission mechanism; Credit supply; House prices; Mortgage mix; Lending standards
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Item ID:28083
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