Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37216
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dc.contributor.authorKaufmann, Sylviaen_US
dc.contributor.authorScharler, Johannen_US
dc.date.accessioned2010-08-11T09:02:17Z-
dc.date.available2010-08-11T09:02:17Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37216-
dc.description.abstractIf firms borrow working capital to finance production, then nominal interest rates have a direct influence on 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 inflation dynamics in the US and in the euro area.en_US
dc.language.isoengen_US
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Banking and Monetary Policy |xD12-V3en_US
dc.subject.jelE40en_US
dc.subject.jelE50en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordNew Keynesian Phillips Curveen_US
dc.subject.keywordCost Channelen_US
dc.subject.keywordBank Lending Standardsen_US
dc.subject.keywordBayesian Analysisen_US
dc.titleBank lending standards, the cost channel and inflation dynamicsen_US
dc.typeConference Paperen_US
dc.identifier.ppn655546766-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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