Haan, Wouter J. Den; Sumner, Steven W.; Yamashiro, Guy M. - In: Canadian Journal of Economics 42 (2009) 3, pp. 1150-1175
Following a monetary tightening, bank loans to consumers decrease. This is true for both mortgage and non-mortgage loans, and it is true for a tightening by the Bank of Canada that is, and is not, a response to a tightening by the Federal Reserve System. In contrast, business loans increase...