copy and paste this google map to your website or blog!
Press copy button and paste into your blog or website.
(Please switch to 'HTML' mode when posting into your blog. Examples: WordPress Example, Blogger Example)
Young Soo Jang - Research - Google Sites “Indirect Credit Supply: How Bank Lending to Private Credit Shapes Monetary Policy Transmission” Coauthors: Sharjil Haque and Jessie Jiaxu Wang
Indirect Credit Supply: How Bank Lending to Private Credit aper examines how banks’ financing of nonbank lenders affects monetary pol-icy transmission Using supervisory bank loan-level data and deal-level private credit data, we document the rise of an intermediation chain: Banks lend to Business De-
The Fed - Bank Lending to Private Credit: Size, Characteristics, and . . . Haque, Jang, and Wang (2025) document how the largest U S banks increasingly extend lines of credit to BDCs, which in turn lend to middle-market firms, and show how this lending by banks to BDCs helped sustain credit supply to middle-market firms during the recent monetary tightening 3 Levin and Malfroy-Camine (2025) document similar growth
Productivity shocks and monetary policy in a two-country model Our model predicts that monetary policy is strongly affected by changes in foreign output and price levels, especially when economies are integrated through international trade; good news in one country can act much like bad news in another country We apply the open-economy framework of Gali and Monacelli (2005) and Okano et al (2012)
Jang-Ting Guo - Information Technology Solutions "On Endogenous Business Cycles under Increasing Returns to Variety and Sector-Specific Externalities, " with Juin-Jen Chang and Wei-Neng Wang, Economic Inquiry, Vol 59, No 1, January 2021, 532-548
Sharjil Haque - Google Scholar Co-authors Simon Mayer Carnegie Mellon University, Tepper School of Business Young Soo Jang Assistant Professor of Finance, Pennsylvania State University Anya Kleymenova Principal Economist, Federal Reserve Board of Governors Teng Wang Principal Economist, Federal Reserve Board Irina Stefanescu Federal Reserve Board
Effectiveness of alternative channels of monetary policy transmission . . . In this article, we have employed ‘shutdown’ methodology, not used before in the Indian context, to study the relative importance of alternative channels of monetary policy transmission We have, for the first time, studied the impact of monetary policy on consumer price index (CPI) inflation
The Monetary Transmission Mechanism within a Two-Sector Model Our finding that the degrees of working capital are different across sec-tors identifies a new channel of monetary policy transmission that operates through the inflation dynamics of relative prices across sectors In particu-lar, the impacts of working capital are larger in the durable goods sector than that in the non-durable goods sector