id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
tt44pk05j9v	Ronald Mau	Financial Intermediation, Monetary Policy, and Macroeconomics	1904		.txt	text/plain	354	14	41	Chapter 1 investigates the role commercial banks play in this relationship by (i) providing business cycle facts for commercial bank balance sheet items (quantities) and balance sheet shares (allocation) along with standard macroeconomic business cycle facts and (ii) characterizing commercial bank responses to monetary policy shocks using local projection methods. A key result is the substitution by commercial banks between liability types in response to monetary policy shocks.	cache/tt44pk05j9v.txt	txt/tt44pk05j9v.txt