Feldkircher, Martin; Huber, Florian - In: Journal of Risk and Financial Management 11 (2018) 4, pp. 1-31
conventional monetary policy shock affects real output growth via a broad credit/bank lending channel. Second, both shocks exhibit … policy shock during the period of the global financial crisis and stronger effects in its aftermath. This might imply that … global financial crisis and less so thereafter. This might point to diminishing effects of large-scale asset purchase …