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This paper presents evidence on the industry effects of bank lending in Germany and identifies the industry effects of … bank lending associated with changes in monetary policy and industryspecific bank credit demand. To this end, we estimate … individual bank lending functions for 13 manufacturing and non-manufacturing industries and five banking groups using quarterly …
Persistent link: https://www.econbiz.de/10012991157
This paper presents new evidence on the formation of producer prices. The database combines a one-time survey that was conducted in June 2004 on a sample of 1,200 firms in manufacturing and time-series information on price adjustment of the same firms from a business-tendency survey. The share...
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Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity...
Persistent link: https://www.econbiz.de/10012991169
This paper discusses a factor model for estimating monthly GDP using a large number of monthly and quarterly time series in real-time. To take into account the different periodicities of the data and missing observations at the end of the sample, the factors are estimated by applying an EM...
Persistent link: https://www.econbiz.de/10012991170
This paper analyzes how bank lending to the private nonbank sector responds …
Persistent link: https://www.econbiz.de/10012991171