Evidence on the existence of a credit channel for monetary policy transmission shows that on the supply side of the credit market,the credit channel was ________ in the 1960s and 1970s,and has ________ more recently.

Question

Quizplus · Accepted Answer

Evidence suggests that in the 1960s and 1970s, the credit channel was a powerful transmission mechanism for monetary policy, but in recent times, it has weakened.

Evidence on the Existence of a Credit Channel for Monetary