American Economic association Inside the Black Box: The Credit Channel of Monetary Policy Transmission Author(s): Ben S Bernanke and Mark Gertler Source: The Journal of Economic Perspectives, Vol 9, No. 4(Autumn, 1995), pp. 27-48 Published by: American Economic Association StableUrl:http://www.jstororg/stable/2138389 Accessed:23/06/200911:39 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of se, available at http://www.jstororg/page/info/about/policies/terms.jspJstOr'sTermsandConditionsofUseprovidesinpartthatunless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use Please contact the publisher regarding any further use of this work, Publisher contact information may be obtained at http://www.jstor.org/action/showpublisher?publishercode=aea. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmIssion JStOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the cholarly community to preserve their work and the materials they rely upon, and to build a common research platform that information about JSTOR, please contact suppo American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Economic PerspectivesAmerican Economic Association Inside the Black Box: The Credit Channel of Monetary Policy Transmission Author(s): Ben S. Bernanke and Mark Gertler Source: The Journal of Economic Perspectives, Vol. 9, No. 4 (Autumn, 1995), pp. 27-48 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/2138389 Accessed: 23/06/2009 14:39 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=aea. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact support@jstor.org. American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Economic Perspectives. http://www.jstor.org