It takes the average reader and 40 minutes to read Heterogeneous Bank Lending Responses to Monetary Policy by Mr. John C Bluedorn
Assuming a reading speed of 250 words per minute. Learn more
We present new evidence on how heterogeneity in banks interacts with monetary policy changes to impact bank lending. Using an exogenous policy measure identified from narratives on FOMC intentions and real-time economic forecasts, we find much greater heterogeneity in U.S. bank lending responses than that found in previous research based on realized federal funds rate changes. Our findings suggest that studies using realized monetary policy changes confound the monetary policy’s effects with those of changes in expected macrofundamentals. We also extend Romer and Romer (2004)’s identification...
Heterogeneous Bank Lending Responses to Monetary Policy by Mr. John C Bluedorn is 39 pages long, and a total of 10,101 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read Heterogeneous Bank Lending Responses to Monetary Policy aloud.
Heterogeneous Bank Lending Responses to Monetary Policy is suitable for students ages 8 and up.
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