private bank / worse loan monitoring technology / retail producers / technology shocks / bank lending program / bank / e¢ cient tool / retail / bank intermediation / normal circumstances central bank intermediation / monetary policy tool / retail goods / direct central bank intermediation / bank takes / linear technology yi;t / retail sector / bank loans / numerical solution / /
NaturalFeature
mt Mt =Pt / /
Organization
CCBS / US Federal Reserve / National Bank of Poland / European Central Bank / Bank of England / Bicocca University / /
Person
Adam / Billi / Paul Fackler / / /
Position
risk-free rate Rt / Directorate General Research / Rt / representative / entrepreneur / es Rt Rtm Rt / /
(un)conventional Policy and the Zero Lower Bound