Chang, Jui-Chuan; Tsong, Ching-Chuan; Wu, Chieh-Tsung - In: Journal of Economics and Management 6 (2010) 2, pp. 229-246
This paper investigates whether distributional effect arising from the impact of monetary policy on bank credits will … be different when monetary policy is asymmetric. Methodologically, we use a set of high frequency panel data for Taiwan …. First of all, we investigate whether there exist the distributional effects of monetary policy on bank lending behavior …