Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22347 
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dc.contributor.authorHülsewig, Oliveren
dc.contributor.authorMayer, Ericen
dc.contributor.authorWollmershäuser, Timoen
dc.date.accessioned2009-01-29T14:57:23Z-
dc.date.available2009-01-29T14:57:23Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/22347-
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 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.isoengen
dc.publisher|aUniversity of Würzburg, Department of Economics |cWürzburgen
dc.relation.ispartofseries|aW.E.P. - Würzburg Economic Papers |x54en
dc.subject.jelE44en
dc.subject.jelE52en
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.ppn474551180en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewep:54en

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