Showing 1 - 10 of 79
Persistent link: https://www.econbiz.de/10014478241
Persistent link: https://www.econbiz.de/10012395618
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1–2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states...
Persistent link: https://www.econbiz.de/10012383710
innovation. By incorporating a loan management technology and a bank equity channel we can evaluate the efficacy of several … financial bubble significantly while central bank intervention ("leaning against the wind") proves to be less effective. A …
Persistent link: https://www.econbiz.de/10011952012
Persistent link: https://www.econbiz.de/10014248868
to a fall in output, monetary aggregates, and factor prices. In contrast to an alternative model specification with money …
Persistent link: https://www.econbiz.de/10009780205
that the central bank has an important responsibility for stabilizing output. Output stabilization is an instrument to …
Persistent link: https://www.econbiz.de/10010210693
Persistent link: https://www.econbiz.de/10013206810
Persistent link: https://www.econbiz.de/10009407693
aggregate and bank-level data. The main findings show that the amplitude of the real business cycle was becoming smaller during …
Persistent link: https://www.econbiz.de/10009540104