Hülsewig, Oliver; Mayer, Eric; Wollmershäuser, Timo - In: Journal of banking & finance 30 (2006) 10, pp. 2893-2910
. Applying a VAR model, we estimate the response of bank loans to a monetary policy shock taking into account the reaction of the … output level and the loan rate. We estimate our model to evaluate the response of bank loans by matching the theoretical … impulse responses with the empirical impulse responses to a monetary policy shock. Evidence in support of the credit channel …