the possibility of a crisis in the event of negative economic shocks. The current accumulation of financial imbalances … stability. Using VAR models, the study reveals a clear increase in risk appetite following interest rate cuts after the …

transmission of monetary policy shocks. As the ‘bank lending channel' of monetary policy predicts, better capitalized banks are …

household indebtedness. We take an interacted panel VAR approach using a panel of 28 countries and thereby obtain several … interesting findings. That is, the responses of consumption and investment to monetary shocks are stronger in the state of high … expansionary one. Finally, we find that the negative impact of contractionary monetary shocks on the real economy is stronger in …

nature of oil shocks is investigated. Multivariate structural VAR analysis is carried out using both linear and nonlinear …English Abstract: Oil shocks are unobserved variables. The impacts of oil shocks on macroeconomic variables may be … different on how they are defined. Oil shocks are defined as both a price and an oil production shortfall criterion. This paper …