News and Financial Intermediation in Aggregate Fluctuations
نویسندگان
چکیده
منابع مشابه
Financial Intermediation and Macroeconomic Fluctuations
Economists have devoted a great deal of attention to modeling the macroeconomic implications of cyclical variation of borrowers’ creditworthiness, yet the literature has largely neglected the task of modeling the behavior of the bank. This omission in the literature is particularly unfortunate given the strong empirical evidence in support of the role of banks’ financial structure in lending de...
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ژورنال
عنوان ژورنال: The Review of Economics and Statistics
سال: 2017
ISSN: 0034-6535,1530-9142
DOI: 10.1162/rest_a_00612