The financial accelerator and the credit channel

By Ben S. Bernanke. 2007

226 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/321c338e5c8e35c4be6dd649a377f4d86df164c3

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Citations in the corpus

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans (2010, background): “We first very briefly review the literature highlighting both the testable hypotheses emanating from theory and the identification challenges faced by the empirical studies (for recent literature reviews see Bernanke (2007) and Boivin et al. (2009)).”
Balance Sheet Strength and Bank Lending During the Global Financial Crisis (2013, unknown): “Capital plays a role here because, during tight market conditions, well-capitalized banks may be able to raise debt under more favorable terms than other banks due to lower agency costs (Kishan and Opiela, 2000; Stein, 1998; Holmstrom and Tirole, 1997; Bernanke and Blinder, 1988).(7) Second, an incr”
Fixed and Variable-Rate Mortgages, Business Cycles and Monetary Policy (2009, background): “Equation ( 3 ) is the Euler equation for consumption, equation (4) is the labor-supply condition, and”
Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy (2015, unknown): “…time, monetary policy may also affect aggregate output and prices by influencing loan supply — the credit channel of monetary policy (Bernanke & Gertler, 1995; Bernanke and Blinder, 1988 and 1992; Diamond and Rajan, 2006 and 2009; Bernanke 2007; Gertler and Karadi, 2009; Adrian and Shin, 2009).”
Reflections on the Crisis and on its Lessons for Regulatory Reforms and for Central Bank Policies (2011, unknown): “For a quick survey see Bernanke (2007).”
The Bank Lending Channel: Lessons from the Crisis (2011, unknown): “The focus of our study is on how the various financial elements within the banking system (which are not included in models of the traditional bank lending channel) may affect the transmission mechanism of monetary policy (see Bernanke, 2008).”
Credit Matters: Empirical Evidence on U.S. Macro-Financial Linkages (2008, background): “Bernanke (2007) argues that the traditional bank lending channel is currently unlikely to be quantitatively important in the United States (because of financial deregulation), but that financial intermediaries are still important for the transmission of shocks, in particular through the bank…”
Money Creation in the Modern Economy (2014, background): “Bernanke (2007) discusses how reserve requirements now present less of a constraint than in the past in the United States.”
Central banks and financial crises (2008, background): “Bernanke (2007): “If the financial accelerator hypothesis is correct, hanges in home values may affect household borrowing and spending by somewhat more than suggested by the conventional wealth effect because changes in homeowners' net worth also affect their external finance premiums and thus…”
Life below Zero: Bank Lending under Negative Policy Rates (2019, background): “…net worth, and thus on bank lending and bank risk taking, is in principle ambiguous because monetary policy affects both the return on assets 4 That is, the Modigliani-Miller irrelevance of capital structure does not hold for banks (see Bernanke (2007) for a review of the bank lending channel).”