The impact of monetary policy on bank balance sheets☆
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This paper could not have been written without the very generous assistance of the Federal Reserve Bank of Chicago, particularly Nancy Andrews, Elijah Brewer, Charles Evans, Kenneth Kuttner, and Peter Schneider. We also thank Kip King and John Leusner for research assistance, and Maureen O'Donnell for help in preparing the manuscript. Finally, we are grateful for the comments and suggestions of Marvin Goodfriend, Glenn Hubbard, Peter Klenow, Allan Meltzer, Julio Rotemberg, and Mike Woodford. This research was supported by the National Science Foundation and by the International Financial Services Research Center at M.I.T.
Copyright © 1995 Published by Elsevier B.V.