Is there a financial accelerator in US banking?: Evidence from the cyclicality of banks' price-cost margins

We show that price-cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a "financial accelerator" in US banking.

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Year of publication:	2010
Authors:	Aliaga-Díaz, Roger ; Olivero, María Pía
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 2, p. 167-171
Publisher:	Elsevier
Keywords:	Banks' price-cost margins RBC Financial accelerator

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866971