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Cited by 2,495

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

What Do a Million Observations on Banks Say About the Transmission of Monetary Policy?

Kashyap, Anil K, Stein, Jeremy C·2000·American Economic Review
DOI 10.1257/aer.90.3.407
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Abstract

We study the monetary-transmission mechanism with a data set that includes quarterly observations of every insured U.S. commercial bank from 1976 to 1993. We find that the impact of monetary policy on lending is stronger for banks with less liquid balance sheets—i.e., banks with lower ratios of securities to assets. Moreover, this pattern is largely attributable to the smaller banks, those in the bottom 95 percent of the size distribution. Our results support the existence of a “bank lending channel” of monetary transmission, though they do not allow us to make precise statements about its quantitative importance. (JEL E44, E52, G32)

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Metadata

Authors
Kashyap, A. K., & Stein, J. C.
Venue
American Economic Review
Publisher
American Economic Association
Published
2000-06-01
Volume
90
Issue
3
Pages
407-428
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.90.3.407
OpenAlex
W2134443358
Cited by
2,495
References
4
FWCI
91.61
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: What Do a Million Observations on Banks Say About the Transmission of Monetary Policy? https://app.cochat.ai/papers/10.1257/aer.90.3.407
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Kashyap, A. K., & Stein, J. C. (2000). What Do a Million Observations on Banks Say About the Transmission of Monetary Policy? American Economic Review. https://doi.org/10.1257/aer.90.3.407

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.