Bank lending and the stock market's response to monetary policy shocks

This paper explores whether a limited participation model modified to include features of the bank lending channel can account for the empirically observed reaction of stock market returns to monetary policy shocks. When calibrated to match characteristics of US data, the model generates responses t...

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Bibliographic details

Volume:	17
Main Author:	Scharler, Johann
Format:	Journal Article
Language:	English
Place of publication:	AMSTERDAM Elsevier Inc 2008 ELSEVIER SCIENCE BV Elsevier Elsevier Science Ltd
published in:	International review of economics & finance Vol. 17; no. 3; pp. 425 - 435
Data of publication:	2008
ISSN:	1059-0560 1873-8036
EISSN:	1873-8036
Discipline:	Economics Business
Series:	International Review of Economics & Finance
Subjects:	Stock market Bank lending channel Limited participation Economics Business & Economics Social Sciences Business, Finance Studies Monetary policy Economic models Bank loans Rates of return Securities markets United States--US G12 Bank lending channel Limited participation E44 Stock market TRANSMISSION LIQUIDITY PRICES limited participation bank lending channel RETURNS BUSINESS CYCLES stock market FIRMS INTEREST-RATES FINANCIAL INTERMEDIATION
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2008 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef ProQuest One Business (Alumni) ProQuest One Business Database information Databases - DBIS