Aysun, Uluc; Brady, Ryan R.; Honig, Adam - 2009
credit channel strength, confirming the predictions
of the model.
Journal of Economic Literature Classification: E44; F31; F … credit (c.f. Bernanke and Gertler, 1995, for a review of the
credit channel). These channels have been widely incorporated … that lowering the level of financial frictions may
weaken the ability of central banks to affect economic activity. While …