Is the Lending Channel of Monetary Policy Dominant in Australia?
Is the Lending Channel of Monetary Policy Dominant in Australia?
复制标题
澳大利亚货币政策借贷渠道是否占主导地位？
DOI：
10.1111/j.1475-4932.2004.00169.x
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发表时间：
2004
期刊：
影响因子：
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通讯作者：
Tomoya Suzuki
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文献类型：
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作者：
Tomoya Suzuki
货币政策的传导过程是一个长期存在的宏观经济问题。放贷观点认为，货币紧缩会改变剩余银行贷款的供应时间表，从而影响总需求。银行贷款的收缩并不一定意味着供应时间表的转变。因此，测试贷款观点需要识别银行贷款市场需求和供应时间表的变化。本文采用了一种新颖的方法，发现贷款渠道在澳大利亚并不占主导地位。这篇论文还考察了澳大利亚银行的行为特征，这些行为使得放贷渠道不那么占主导地位。版权所有©2004澳大利亚经济学会..
The transmission process of monetary policy is a longstanding macroeconomic issue. The lending view is that a monetary tightening affects aggregate demand by shifting the supply schedule of bank loans left. The contraction of bank loans does not necessarily mean a shift of the supply schedule. Therefore, testing the lending view requires the identification of the shifts of the demand and supply schedules in the bank loan market. This paper employs an original approach, finding that the lending channel is not dominant in Australia. The paper also examines features of Australian banks' behaviour which make the lending channel less dominant. Copyright © 2004 Economic Society of Australia..
上田一夫：“日本货币政策的比较视角：短期货币控制和传导机制”日本货币政策。
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