货币政策的僵尸借贷渠道

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This paper, titled "The Zombie Lending Channel of Monetary Policy," examines the impact of monetary policy on zombie lending, which occurs when banks continue to lend to struggling firms that are unlikely to repay. The authors find that monetary policy宽松的扩张性政策 can increase zombie lending, as banks may be more willing to lend to struggling firms in such an environment. This can have negative consequences for the economy, as zombie firms may not invest in productive activities and may crowd out healthy firms. The authors suggest that policymakers should be aware of the potential for zombie lending when designing monetary policy and consider measures to address it.