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.
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页码：167 / 171
页数：5
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