Journal of Money, Credit & Banking, August 1st, 2000
This paper evaluates the importance of household credit in the transmission of monetary policy and explaining the positive correlation between money and credit services over the business cycle. It does so in the context of a general equilibrium framework with an explicit financial sector. Within this sector, there are firms that specialize in the production of household credit services and financial intermediaries who provide interest-bearing accounts for households and loanable funds to credit producers. It is shown that monetary injections which occur through the financial sector can generat...
HighBeam Research, Free Preview: 'Household Credit and the Monetary Transmission Mechanism.'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
