The Economics of Giving: How Monetary Policy Impacts Charitable Giving
Date of Award
Doctor of Business Administration (DBA)
Jack Welch College of Business
Dr. Khawaja Mamun
Dr. David Tyson
Dr. Mahfuja Malik
This paper examines the impact of the monetary policy transmission mechanism specifically the Loan Supply (Narrow Credit Channel), Market Interest Rates (Interest Rate Channel) and Asset Price Levels (Wealth Channel) have on charitable giving within the United States. An OLS (Ordinary Least Squares) model is used to test whether the variables within each channel influences charitable giving. We find that each variable used (revolving credit, real estate loans, federal funds rate, inflation, real disposable income and housing prices) is statistically significant in influencing charitable giving within the United States.
Cort, A. J. F. (2021). The economics of giving: How monetary policy impacts charitable giving. Jack Welch College of Business & Technology dissertation, Sacred Heart University, Fairfield CT. Retrieved from https://digitalcommons.sacredheart.edu/wcob_theses/29/
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Submitted in partial fulfillment of the requirements for the degree of Doctor of Business Administration in Finance, Sacred Heart University, Jack Welch College of Business and Technology Fairfield, Connecticut.