search query: @author Labadie, P. / total: 2
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| Author: | Labadie, P. |
| Title: | Financial intermediation and monetary policy in a general equilibrium banking model |
| Journal: | Journal of Money, Credit and Banking
1995 : NOV, VOL. 27:4/2, p. 1290-1315 |
| Index terms: | MODELS MONETARY POLICY BANKING |
| Language: | eng |
| Abstract: | The process by which monetary policy affects the level of financial intermediation, or the "credit channel", has been the focus of a great deal of research recently. An important issue, which is a focus of this paper, is when does expansionary monetary policy result in an increase of lending and when does the policy simply lead to more inflation. While there are many types of financial intermediaries, the authors focuses on intermediation through a traditional banking system in which banks are subject to reserve requirements. |
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