Credit Rationing and Effective Supply Failures
Bibliographic Data
| ID | 9710220 |
|---|---|
| Authors | Alan S Blinder (National Bureau of Economic Research, corresponding author) |
| Year | 1987 |
| Volume | 97 |
| Issue | 386 |
| Pages | 327 |
| Publication date | 1987-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2232882 |
| OpenAlex | W1541710109 |
| Language | EN |
| Citations received | 15 |
| References cited | 1 |
This paper presents two macro models in which central bank policy has real effects on the supply. side of the economy due to credit rationing. In each model, there are two possible regimes, depending on whether credit is or is not rationed. Starting from an unrationed equilibrium, either a large enough contraction of bank reserves or a large enough rise in aggregate demand can lead to rationing. Monetary (fiscal) policy is shown to be more (less) powerful when there is rationing than when there is not
Actuarial science · Business · Credit rationing · Economic growth · Economics · Interest rate · Operations management · Rationing · Banking stability, regulation, efficiency · Economic Theory and Policy · Finance
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| Unique citing works | 15 |
|---|---|
| Citations per year | 0,39 |
| Citation span | 1988 - 2022 (35) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 14 |