Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18744 
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dc.contributor.authorHuelsewig, Oliveren
dc.contributor.authorMayer, Ericen
dc.contributor.authorWollmershäuser, Timoen
dc.date.accessioned2009-01-28T15:52:34Z-
dc.date.available2009-01-28T15:52:34Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18744-
dc.description.abstractThis paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking firm in which banks decide on their loan supply in light of uncertainty about the future course of monetary policy. Applying a vector error correction model (VECM), we estimate the response of bank loans after a monetary policy shock taking into account the reaction of the output level and the loan rate. We estimate our model tocharacterize the response of bank loans by matching the theoretical impulse responses with the empirical impulse responses to a monetary policy shock. Evidence in support of the credit channel can be reported.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1380en
dc.subject.jelE44en
dc.subject.jelE51en
dc.subject.ddc330en
dc.subject.keywordmonetary policy transmissionen
dc.subject.keywordcredit channelen
dc.subject.keywordloan supplyen
dc.subject.keywordloan demanden
dc.subject.keywordminimum distance estimationen
dc.subject.stwKreditkanalen
dc.subject.stwKrediten
dc.subject.stwTransmissionsmechanismusen
dc.subject.stwGeldpolitiken
dc.subject.stwSchocken
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleBank loan supply and monetary policy transmission in Germany: An assessment based on matching impulse responses-
dc.typeWorking Paperen
dc.identifier.ppn479118345en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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