Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123531866> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W3123531866 abstract "This paper studies the implications of introducing large monopolistic banks, which can affect macroeconomic outcomes and thus the response of monetary policy to inflation, in a model with a collateral constraint linking the borrowersi?½ credit capacity to the value of their durable assets. First, we find that strategic interaction generates a countercyclical loan spread, which amplifies the impact of monetary and technology shocks on the real economy. This type of financial accelerator adds up to the one due to financial frictions and is crucially related to the existence of non-atomistic banks. Second, the level of the spread and the degree of amplification are positively related to the level of entrepreneursi?½ leverage, reflecting the fact that higher leverage implies greater elasticity of the policy rate to changes in loan rates, which in turn increases banksi?½ market power. Third, we find that amplification is stronger the more aggressive the central banki?½s response to inflation, as measured by the inflation coefficient in the Taylor rule." @default.
- W3123531866 created "2021-02-01" @default.
- W3123531866 creator A5005184152 @default.
- W3123531866 creator A5020124821 @default.
- W3123531866 date "2014-10-01" @default.
- W3123531866 modified "2023-09-27" @default.
- W3123531866 title "Large banks, loan rate markup and monetary policy" @default.
- W3123531866 hasPublicationYear "2014" @default.
- W3123531866 type Work @default.
- W3123531866 sameAs 3123531866 @default.
- W3123531866 citedByCount "5" @default.
- W3123531866 countsByYear W31235318662015 @default.
- W3123531866 countsByYear W31235318662016 @default.
- W3123531866 countsByYear W31235318662021 @default.
- W3123531866 crossrefType "posted-content" @default.
- W3123531866 hasAuthorship W3123531866A5005184152 @default.
- W3123531866 hasAuthorship W3123531866A5020124821 @default.
- W3123531866 hasConcept C10138342 @default.
- W3123531866 hasConcept C119857082 @default.
- W3123531866 hasConcept C121332964 @default.
- W3123531866 hasConcept C126285488 @default.
- W3123531866 hasConcept C139719470 @default.
- W3123531866 hasConcept C153083717 @default.
- W3123531866 hasConcept C162324750 @default.
- W3123531866 hasConcept C165060548 @default.
- W3123531866 hasConcept C175025494 @default.
- W3123531866 hasConcept C175444787 @default.
- W3123531866 hasConcept C200941418 @default.
- W3123531866 hasConcept C22738907 @default.
- W3123531866 hasConcept C2777764128 @default.
- W3123531866 hasConcept C2777910564 @default.
- W3123531866 hasConcept C2778055162 @default.
- W3123531866 hasConcept C2781127519 @default.
- W3123531866 hasConcept C33332235 @default.
- W3123531866 hasConcept C41008148 @default.
- W3123531866 hasConcept C489367 @default.
- W3123531866 hasConcept C556758197 @default.
- W3123531866 hasConcept C68799949 @default.
- W3123531866 hasConcept C80799131 @default.
- W3123531866 hasConcept C97330809 @default.
- W3123531866 hasConceptScore W3123531866C10138342 @default.
- W3123531866 hasConceptScore W3123531866C119857082 @default.
- W3123531866 hasConceptScore W3123531866C121332964 @default.
- W3123531866 hasConceptScore W3123531866C126285488 @default.
- W3123531866 hasConceptScore W3123531866C139719470 @default.
- W3123531866 hasConceptScore W3123531866C153083717 @default.
- W3123531866 hasConceptScore W3123531866C162324750 @default.
- W3123531866 hasConceptScore W3123531866C165060548 @default.
- W3123531866 hasConceptScore W3123531866C175025494 @default.
- W3123531866 hasConceptScore W3123531866C175444787 @default.
- W3123531866 hasConceptScore W3123531866C200941418 @default.
- W3123531866 hasConceptScore W3123531866C22738907 @default.
- W3123531866 hasConceptScore W3123531866C2777764128 @default.
- W3123531866 hasConceptScore W3123531866C2777910564 @default.
- W3123531866 hasConceptScore W3123531866C2778055162 @default.
- W3123531866 hasConceptScore W3123531866C2781127519 @default.
- W3123531866 hasConceptScore W3123531866C33332235 @default.
- W3123531866 hasConceptScore W3123531866C41008148 @default.
- W3123531866 hasConceptScore W3123531866C489367 @default.
- W3123531866 hasConceptScore W3123531866C556758197 @default.
- W3123531866 hasConceptScore W3123531866C68799949 @default.
- W3123531866 hasConceptScore W3123531866C80799131 @default.
- W3123531866 hasConceptScore W3123531866C97330809 @default.
- W3123531866 hasLocation W31235318661 @default.
- W3123531866 hasOpenAccess W3123531866 @default.
- W3123531866 hasPrimaryLocation W31235318661 @default.
- W3123531866 hasRelatedWork W1917641649 @default.
- W3123531866 hasRelatedWork W1953461544 @default.
- W3123531866 hasRelatedWork W1966616772 @default.
- W3123531866 hasRelatedWork W1991595204 @default.
- W3123531866 hasRelatedWork W2001378701 @default.
- W3123531866 hasRelatedWork W2020097823 @default.
- W3123531866 hasRelatedWork W2047499452 @default.
- W3123531866 hasRelatedWork W2077534608 @default.
- W3123531866 hasRelatedWork W2090756757 @default.
- W3123531866 hasRelatedWork W2138717870 @default.
- W3123531866 hasRelatedWork W2148642542 @default.
- W3123531866 hasRelatedWork W2232785844 @default.
- W3123531866 hasRelatedWork W2892206567 @default.
- W3123531866 hasRelatedWork W3121478166 @default.
- W3123531866 hasRelatedWork W3121538404 @default.
- W3123531866 hasRelatedWork W3122641103 @default.
- W3123531866 hasRelatedWork W3123305914 @default.
- W3123531866 hasRelatedWork W3123942245 @default.
- W3123531866 hasRelatedWork W3124204519 @default.
- W3123531866 hasRelatedWork W3124887727 @default.
- W3123531866 isParatext "false" @default.
- W3123531866 isRetracted "false" @default.
- W3123531866 magId "3123531866" @default.
- W3123531866 workType "article" @default.