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Credit Rationing, Interest Rate Lags, and Monetary Policy Speed

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  • Donald P. Tucker

Abstract

I. Introduction, 54. — II. The basic argument, 56. — III. Disequilibrium effective demand, 60. — IV. The model, 63. — V. Solution, 68. — VI. Empirical relevance, 74. — VII. Credit contraction multiplier, 76. — VIII. Qualifications, 79. — IX. Summary and conclusion, 82.

Suggested Citation

  • Donald P. Tucker, 1968. "Credit Rationing, Interest Rate Lags, and Monetary Policy Speed," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 54-84.
    • Handle: RePEc:oup:qjecon:v:82:y:1968:i:1:p:54-84.
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    File URL: http://hdl.handle.net/10.2307/1882245
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    Cited by:

    1. Plassard, Romain, 2022. "Diagnosing unemployment: the dual project of the ENSAE's band," MPRA Paper 113584, University Library of Munich, Germany.
    2. Christophe Hurlin & Rafal Kierzenkowski, 2002. "A Theoretical and Empirical Assessment of the Bank Lending Channel and Loan Market Disequilibrium in Poland," NBP Working Papers 22, Narodowy Bank Polski.

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