Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/22347
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hülsewig, Oliver | en |
dc.contributor.author | Mayer, Eric | en |
dc.contributor.author | Wollmershäuser, Timo | en |
dc.date.accessioned | 2009-01-29T14:57:23Z | - |
dc.date.available | 2009-01-29T14:57:23Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22347 | - |
dc.description.abstract | This 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 the 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 in consideration of the reaction of the output level and the loan rate. We estimate our model to characterize 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.iso | eng | en |
dc.publisher | |aUniversity of Würzburg, Department of Economics |cWürzburg | en |
dc.relation.ispartofseries | |aW.E.P. - Würzburg Economic Papers |x54 | en |
dc.subject.jel | E44 | en |
dc.subject.jel | E52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Monetary policy transmission | en |
dc.subject.keyword | credit channel | en |
dc.subject.keyword | loan supply | en |
dc.subject.keyword | loan demand | en |
dc.subject.keyword | minimum distance estimation | en |
dc.subject.stw | Kreditkanal | en |
dc.subject.stw | Kredit | en |
dc.subject.stw | Transmissionsmechanismus | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Schock | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment based on Matching Impulse Responses | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 474551180 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:wuewep:54 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.