Bank-Lending Standards, the Cost Channel and Inflation Dynamics

Johann Scharler; Sylvia Kaufmann

Bank-Lending Standards, the Cost Channel and Inflation Dynamics

Johann Scharler
, Sylvia Kaufmann

Institut für Volkswirtschaftslehre

Publikation: Andere Beiträge › Sonstiger Beitrag

Abstract

If firms borrow working capital to finance production, then nominal interest rates have a direct influence on inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank lending standards as a potential additional cost source and evaluate their empirical importance in explaining inflation dynamics in the US and in the euro area.

Originalsprache	Englisch
Seitenumfang	33
Publikationsstatus	Veröffentlicht - Okt. 2009

UN SDGs

Dieser Output leistet einen Beitrag zu folgendem(n) Ziel(en) für nachhaltige Entwicklung

SDG 2 – Kein Hunger
SDG 8 – Anständige Arbeitsbedingungen und wirtschaftliches Wachstum

Wissenschaftszweige

405002 Agrarökonomie
502 Wirtschaftswissenschaften
502001 Arbeitsmarktpolitik
502002 Arbeitsmarkttheorie
502003 Außenhandel
502009 Finanzwirtschaft
502010 Finanzwissenschaft
502012 Industriebetriebslehre
502013 Industrieökonomik
502018 Makroökonomie
502020 Marktforschung
502021 Mikroökonomie
502025 Ökonometrie
502027 Politische Ökonomie
502039 Strukturpolitik
502042 Umweltökonomie
502046 Volkswirtschaftspolitik
502047 Volkswirtschaftstheorie
504014 Gender Studies
506004 Europäische Integration
507016 Regionalökonomie
303010 Gesundheitsökonomie

JKU-Schwerpunkte

Soziale Systeme, Märkte und Wohlfahrtsstaat
SOWI Allgemein

Andere Dateien und Links

pdf file available

Dieses zitieren

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