Is there a financial accelerator in US banking? Evidence from the cyclicality of banks' price-cost margins

被引：20

作者：

Aliaga-Diaz, Roger ^{[2
]}

Olivero, Maria Pia ^{[1
]}

机构：

[1] Drexel Univ, Dept Econ, LeBow Coll Business, Philadelphia, PA 19104 USA

[2] Vanguard Grp Inc, Valley Forge, PA 19482 USA

来源：

ECONOMICS LETTERS | 2010年 / 108卷 / 02期

关键词：

Banks price-cost margins; RBC; Financial accelerator; OUTPUT;

D O I：

10.1016/j.econlet.2010.04.037

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We show that price-cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a "financial accelerator" in US banking. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：167 / 171

页数：5

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