The credit channel of monetary policy transmission: evidence from stock returns

This paper offers a novel test of the credit view of the monetary policy transmission mechanism using stock market returns. We identify Fed policy shocks using newspaper accounts and track daily stock prices immediately following the shocks. If the credit channel is important, then firms that are dependent on bank credit and internal funds should receive a relatively greater benefit (loss) from a Fed easing (tightening) than firms with access to nonbank credit at favorable terms. We identify ten policy shocks during the expansion of 1993-94 and the 'credit crunch' period of the 1990-91 recession and find little evidence supportive of an operative credit channel.     

Eating disorders across the life span

Clearly, eating disorders appear in both men and women across the entire life span. Nurses must be aware of eating disorder issues in populations such as children and adolescents, adult men, middle-aged women, and older adults so that proper screening and treatment can occur to reduce the consequences of these potentially life-threatening illnesses.