resources in the form of deposits. Therefore, bank credit needs to be modelled as a monetary phenomenon, which directly fuels … nominal prices, savers and borrowers and a banking sector. Following an exogenously induced shock to banker's willingness to … closely resembles that of credit, which allows us to analyse real and nominal consequences of bank credit (and money) creation. …

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle …

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle …