How important is the credit channel in the transmission of monetary policy?

Co-Integration and Error Correction: Representation, Estimation, and Testing

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Credit Rationing in Markets with Imperfect Information.

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Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models

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Financial Intermediation and Delegated Monitoring

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A General Equilibrium Approach To Monetary Theory

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Financing Constraints and Corporate Investment

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Agency Costs, Net Worth, and Business Fluctuations.

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A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems

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The Federal funds rate and the channels of monetary transmission

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Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

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Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data

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Credit, Money, and Aggregate Demand

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Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly

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Alternative explanations of the money-income correlation

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Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz

1989 • 723 citations

The Role of Credit Market Imperfections in the Monetary Transmission Mechanism: Arguments and Evidence

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MONEY, CREDIT, AND PRICES IN REAL BUSINESS CYCLE

1984 • 579 citations

Real Rigidities and the Non-Neutrality of Money

1990 • 577 citations

New Evidence on the Monetary Transmission Mechanism

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Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data

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Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run

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A Transactions-Based Model of the Monetary Transmission Mechanism

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A Monetary Equilibrium Model with Transactions Costs

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Internal Net Worth and the Investment Process: An Application to U.S. Agriculture

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Liquidity Effects, Monetary Policy, and the Business Cycle

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Credit Rationing and Effective Supply Failures

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Post hoc ergo propter once more an evaluation of ‘does monetary policy matter?’ in the spirit of James Tobin

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Monetary Transmission: Through Bank Loans or Bank Liabilities?

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R&D and internal finance: a panel study of small firms in high-tech industries

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Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms

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Money and Credit in the Monetary Transmission Process

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Liquidity Effects, Monetary Policy, and The Business Cycle

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The source of fluctuations in money

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The effects of countercyclical monetary policy on money and interest rates: an evaluation of evidence from FOMC documents

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The identification of monetary policy disturbances: explaining the liquidity puzzle

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Stochastic Trends and Short-Run Relationships Between Financial Variables and Real Activity

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