Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22347
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dc.contributor.authorHülsewig, Oliveren_US
dc.contributor.authorMayer, Ericen_US
dc.contributor.authorWollmershäuser, Timoen_US
dc.date.accessioned2009-01-29T14:57:23Z-
dc.date.available2009-01-29T14:57:23Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22347-
dc.description.abstractThis paper addresses the credit channel in Germany by using aggregatedata. 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 courseof monetary policy. Applying a vector error correction model (VECM),we estimate the response of bank loans after a monetary policy shock inconsideration of the reaction of the output level and the loan rate. Weestimate our model to characterize the response of bank loans by matchingthe theoretical impulse responses with the empirical impulse responses toa monetary policy shock. Evidence in support of the credit channel can bereported.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aWürzburg economic papers |x54en_US
dc.subject.jelE44en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary policy transmissionen_US
dc.subject.keywordcredit channelen_US
dc.subject.keywordloan supplyen_US
dc.subject.keywordloan demanden_US
dc.subject.keywordminimum distance estimationen_US
dc.subject.stwKreditkanalen_US
dc.subject.stwKrediten_US
dc.subject.stwTransmissionsmechanismusen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwSchocken_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleBank Loan Supply and Monetary Policy Transmission in Germany: An Assessment based on Matching Impulse Responsesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn474551180en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:54-

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