Arbeitspapier
Bank-Lending Standards, the Cost Channel and Inflation Dynamics
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 164
- Classification
-
Wirtschaft
Money and Interest Rates: General
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
- Subject
-
New Keynesian Phillips Curve
Cost Channel
Bank Lending Standards
Bayesian
- Event
-
Geistige Schöpfung
- (who)
-
Kaufmann, Sylvia
Scharler, Johann
- Event
-
Veröffentlichung
- (who)
-
Oesterreichische Nationalbank (OeNB)
- (where)
-
Vienna
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kaufmann, Sylvia
- Scharler, Johann
- Oesterreichische Nationalbank (OeNB)
Time of origin
- 2010
Other Objects (12)
Bank-Lending Standards, the Cost Channel and Inflation Dynamics
Bank lending standards, the cost channel and inflation dynamics
Inflation dynamics and the cost channel of monetary transmission
The bank lending channel reconsidered
The bank lending channel in Turkey: Has it changed after the low inflation regime?
The Bank Lending Channel in Turkey: Has it changed after the Low Inflation Regime?
New evidence on the lending channel
There is no bank lending channel!
Securitisation and the bank lending channel
Lending standards and macroeconomic dynamics
Lending standards and output growth
Trade Credit and the Bank Lending Channel
Bank-Lending Standards, the Cost Channel and Inflation Dynamics
Bank lending standards, the cost channel and inflation dynamics
Inflation dynamics and the cost channel of monetary transmission
The bank lending channel reconsidered
The bank lending channel in Turkey: Has it changed after the low inflation regime?
The Bank Lending Channel in Turkey: Has it changed after the Low Inflation Regime?
New evidence on the lending channel
There is no bank lending channel!
Securitisation and the bank lending channel
Lending standards and macroeconomic dynamics
Lending standards and output growth
Trade Credit and the Bank Lending Channel
Bank-Lending Standards, the Cost Channel and Inflation Dynamics
Bank lending standards, the cost channel and inflation dynamics
Inflation dynamics and the cost channel of monetary transmission
The bank lending channel reconsidered
The bank lending channel in Turkey: Has it changed after the low inflation regime?
The Bank Lending Channel in Turkey: Has it changed after the Low Inflation Regime?
New evidence on the lending channel
There is no bank lending channel!
Securitisation and the bank lending channel
Lending standards and macroeconomic dynamics
Lending standards and output growth