The literature on the risk‐taking channel of monetary policy grew quickly, leading to
scattered evidence. We examine this channel through different angles, exploring detailed …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission
in the euro area that works through the relaxation of lending standards for borrowers. Our …

How important is the risk‐taking channel for monetary policy? To answer this question, we
develop and estimate a quantitative monetary DSGE model where banks choose …

For some time now, structural macroeconomic models used at central banks have been
predominantly New Keynesian DSGE models featuring nominal rigidities and forward …

This study investigates how the 2007–2009 financial crisis, post-crisis reforms of US bank
capital regulation, and bank capital adequacy affect banks' approval rates for applications of …

How does uncertainty affect the costs of raising finance in the bond market and via bank
loans? Empirically, this paper finds that heightened uncertainty is accompanied by an …

Motivated by VAR evidence on the risk-taking channel in the US, we develop a New
Keynesian model where low levels of the risk-free rate induce banks to grant credit to riskier …

This paper contributes to the debate on the macroeconomic effectiveness of expansionary
non-standard monetary policy measures in a regulated banking environment. Based on an …

This paper uses a structural vector autoregressive model (SVAR) to study the effect of
monetary policy and bank lending standards on business loans. The results are consistent …

本研究以2005 年至2017 年間之美國銀行控股公司(bank holding company) 為樣本,
利用其主要儲貸機構向美國聯準會申報之HMDA 房屋抵押貸款資料及FR Y-9C 銀行財務資料 …