Skip navigation
Skip navigation

The Credit Channel in Japan: Resolving the Supply versus Demand Puzzle

Suzuki, Tomoya

Description

A long-standing macroeconomic issue is how monetary policy affects the real economy. Previous VAR research has found that bank loans typically contracted following a monetary tightening. This is consistent with the credit view: a monetary tightening decreases aggregate demand by shifting the loan supply curve left. However, the finding is consistent with another interpretation: a monetary tightening operates through the conventional money channel and decreases the demand for loans. This...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/40506
http://digitalcollections.anu.edu.au/handle/1885/40506

Download

File Description SizeFormat Image
wp392.pdf224.58 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator