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dc.contributor.authorBajec, Lukaen
dc.contributor.authorGraf Lambsdorff, Johannen
dc.date.accessioned2012-01-27-
dc.date.accessioned2012-02-03T15:36:58Z-
dc.date.available2012-02-03T15:36:58Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/55024-
dc.description.abstractThe bank lending channel (BLC) has found entrance into standard economic textbooks. But the approach, as presented by Bernanke and Blinder [1988] operates with lopsided loan demand, money demand and money supply functions. This invalidates the idea that potential changes in the supply of loans may impact on aggregate demand for goods and services. Above, a reduction of loans may restrict an individual investors, but the macroeconomic logic of the IS curve suggests that such a constraint is not binding.en
dc.language.isoengen
dc.publisher|aUniversität Passau, Wirtschaftswissenschaftliche Fakultät |cPassauen
dc.relation.ispartofseries|aPassauer Diskussionspapiere - Volkswirtschaftliche Reihe |xV-46-06en
dc.subject.ddc330en
dc.titleThere is no bank lending channel!-
dc.typeWorking Paperen
dc.identifier.ppn684325268en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:upadvr:V4606en

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