Gambetti, Luca; Musso, Alberto - European Central Bank - 2012
annual real GDP growth during 2008 and 2009 in the Euro Area and the United States and possibly about three fourths of that … Euro Area and the United States and somewhat more than half of that in the United Kingdom. JEL Classification: C32, E32, E …This paper provides empirical evidence on the role played by loan supply shocks over the business cycle in the Euro …