Sluggish Deposit Rates: Endogenous Institutions and Aggregate Fluctuations
研究了内生性金融制度如何改变宏观经济冲击的影响，导致银行存款利率相对于其他短期利率调整迟缓。
An equilibrium analysis of how endogenously rising financial institutions, altering the impact of macroeconomic shocks, induce sluggishness in bank interest rates relative to other short-term rates.