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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18744Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Huelsewig, Oliver | - |
| dc.creator | Mayer, Eric | - |
| dc.creator | Wollmershäuser, Timo | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:01:05Z | - |
| dc.date.available | 2013-10-16T07:01:05Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18744 | - |
| dc.identifier | ppn:479118345 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18744 | - |
| dc.description | 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 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 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. | - |
| dc.language | eng | - |
| dc.relation | CESifo working papers 1380 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E44 | - |
| dc.subject | E51 | - |
| dc.subject | ddc:330 | - |
| dc.subject | monetary policy transmission | - |
| dc.subject | credit channel | - |
| dc.subject | loan supply | - |
| dc.subject | loan demand | - |
| dc.subject | minimum distance estimation | - |
| dc.subject | Kreditkanal | - |
| dc.subject | Kredit | - |
| dc.subject | Transmissionsmechanismus | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Schock | - |
| dc.subject | Schätzung | - |
| dc.subject | Deutschland | - |
| dc.title | Bank loan supply and monetary policy transmission in Germany: An assessment based on matching impulse responses | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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