145
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

Financial constraints and the balance sheet channel: a re-interpretation

Pages 1925-1933 | Published online: 01 Sep 2006

References

References

  • Bagliano FC Favero CA 1994 The credit view and a model of the monetary transmission mechanism. The case of Italy mimeo
  • Bernanke BS Blinder AS 1988 Credit, money and aggregate demand American Economic Review, Papers and Proceedings 435 39
  • Bernanke , BS and Blinder , AS . 1992 . Federal funds rate and the channels of monetary transmission . American Economic Review , 82 : 901 – 21 .
  • Bernanke , B and Gertler , M . 1989 . Agency costs, net worth, and business fluctuations . American Economic Review , 79 : 14 – 31 .
  • Bernanke , B and Gertler , M . 1995 . Inside the black box: the credit channel of monetary policy transmission . Journal of Economic Perspectives , 9 : 27 – 48 .
  • Bond , S and Meghir , C . 1994 . Dynamic investment models and the firms’ financial policy . Review of Economic Studies , 62 : 197 – 222 .
  • Brunner , K and Meltzer , AH . 1968 . Liquidity traps for money, bank credit, and interest rates . Journal of Political Economy , 76 : 1 – 37 .
  • Brunner , K and Meltzer , AH . 1972 . Money, debt and economic activity . Journal of Policitcal Economy , 80 : 951 – 77 .
  • Christiano , L , Eichenbaum , M and Evans , C . 1996 . The effects of monetary policy shocks: evidence from the flow of funds . Review of Economic and Statistics , 78 : 16 – 34 .
  • Dale S Haldane AG 1993a A simple model of money, credit and aggregate demand Bank of England Working Paper Series No. 7
  • Dale S Haldane AG 1993b Interest rate control in a model of monetary policy Bank of England Working Paper Series No. 17
  • Fazzari , S , Hubbard , G and Petersen , B . 1988 . Financing constraints and corporate investments . Brooking Papers on Economic Activity , 1 : 141 – 206 .
  • Gertler M 1994 Financial conditions and macroeconomic behaviour’ NBER Reporter Summer 10 14
  • Gertler , M and Gilchrist , S . 1993 . The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence . Journal of Scandinavian Economics , 95 : 43 – 64 .
  • Greenwald B Stiglitz JE 1990 Macroeconomic models with equity and credit rationing Asymmetric Information, Corporate Finance and Investment (Ed.) R. G. Hubbard The University of Chicago Press Chicago
  • Hoshi , T , Kashyap , A and Scharfstein , D . 1991 . Corporate structure, liquidity, and investment: evidence from Japanese industrial group . Quarterly Journal of Economics , 106 : 33 – 60 .
  • Inoue , A . 1999 . Tests of cointegration rank with a trend-break . Journal of Econometrics , 90 : 215 – 37 .
  • Johansen , S . 1988 . Statistical analysis of cointegration vectors . Journal of Economic Dynamics and Control , 12 : 231 – 54 .
  • Johansen S 1996 Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press Oxford
  • Jorgenson , DW . 1963 . Capital theory and investment behaviour . American Economic Review, Papers and Proceedings , 53 : 247 – 59 .
  • Kaplan SN Zingales L 1995 Do financing constraints explain why investment is correlated with cash flow? NBER Working Paper No. 5267
  • Kashyap , AK , Stein , JC and Wilcox , DW . 1993 . Monetary policy and credit conditions: evidence from the composition of external finance . The American Economic Review , 83 : 78 – 98 .
  • MacKie-Mason FK 1990 Do firms care who provides their financing? Asymmetric Information, Corporate Finance and Investment (Ed.) R. G. Hubbard The University of Chicago Press Chicago pp. 63–104
  • Mayer , CP . 1988 . New issues in corporate finance . European Economic Review , 32 : 1167 – 89 .
  • Mayer CP 1990 Financial systems, corporate finance, and economic development Asymmetric Information, Corporate Finance and Investment (Ed.) R. G. Hubbard The University of Chicago Press Chicago pp. 307–32
  • Messori M (Ed.) 1996 Liquidity Constraints and Market Failure. The Microeconomic Foundations of New Keynesian Economics, Edward Elgar London
  • Myers , S . 1984 . The capital structure puzzle . The Journal of Finance , 39 : 575 – 92 .
  • Romer , C and Romer , D . 1990 . Does monetary policy matter? A new test in the spirit of Friedmand and Schwartz . NBER Macroeconomics Annual , 4 : 121 – 70 .
  • Rudebush , GD . 1998 . Do measures of monetary policy in a VAR make sense . International Economic Review , 39 : 907 – 48 .
  • Sims , C . 1992 . Interpreting the macroeconomic time series facts: the effects of monetary policy . European Economic Review , 36 : 975 – 1011 .
  • Stiglitz , JE . 1988 . Why financial structure matters . Journal of Economic Perspectives , 2 : 121 – 6 .
  • Stiglitz , JE . 2000 . The contributions of the economics of information to twentieth century . Quarterly Journal of Economics , 115 : 1441 – 78 .
  • Taggart RA Jr. 1990 Secular patterns in the financing of corporations, in Corporate Capital Structures in the Unites States (Ed.) B. M. Friedman The University of Chicago Press Chicago pp. 13–80

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.