Article citationsMore>>

Kashyap, A., & Stein, J. C. (2000). What Do a Million Observations on Banks Say about the Transmission of Monetary Policy. American Economic Review, 90, 407-428.
https://doi.org/10.1257/aer.90.3.407

has been cited by the following article:

• TITLE: Political Intervention and Monetary Transmission: A Theoretical Note

  AUTHORS: Saibal Ghosh

  KEYWORDS: Politics, Bank Lending, Monetary Policy, Jawboning

  JOURNAL NAME: Theoretical Economics Letters, Vol.12 No.2, April 11, 2022

  ABSTRACT: Within a theoretical framework, the paper analyzes the impact of government intervention in the credit market on bank lending. The results indicate that in the short-run, a monetary expansion lowers lending that is not susceptible to political intervention by a magnitude that is higher than loans that are impacted by political influence. In the long run, a monetary expansion is observed to uniformly raise bank lending, consistent with the jawboning hypothesis.