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In a world with imperfect competition, market externalities or asymmetric information, the impact of money and monetary …
Persistent link: https://www.econbiz.de/10009620766
considerable empirical method for extracting information from monetary aggregates for monetary policy purposes. -- cointegration …
Persistent link: https://www.econbiz.de/10009620770
In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in Germany during the period of monetary targeting from 1975 to 1998 is analyzed. While existing studies of the credit channel rely mostly on the analysis of monetary policy effects...
Persistent link: https://www.econbiz.de/10009626675
Persistent link: https://www.econbiz.de/10001916957