Identifying the balance sheet and the lending channels of monetary transmission: A loan-level analysis

Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations

Manuel Arellano, Stephen Bond · The Review of Economic Studies · 1991 · 32.8K citations

Social Sciences, Economics, Causal Inference +16

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

Robert C. Merton · The Journal of Finance · 1974 · 11K citations · Full text

Business, Finance, Asset Pricing +16

Inside the Black Box: The Credit Channel of Monetary Policy Transmission

Ben Bernanke, Mark Gertler · The Journal of Economic Perspectives · 1995 · 4.1K citations · Full text

Social Sciences, Economics, Finance +14

Optimal contracts and competitive markets with costly state verification

Robert M. Townsend · Journal of Economic Theory · 1979 · 3.2K citations · Full text

Business, Contract Law, Economics +16

On the Pricing of Corporate Debt: The Risk Structure of Interest Rates

Robert C. Merton · The Journal of Finance · 1974 · 2.8K citations

Business, Economics, Finance +17