Loupias, Claire; Savignac, Frédérique; Sevestre, Patrick - European Central Bank - 2001
This paper aims at providing some empirical evidence about the impact of monetary policy on bank lending at the microeconomic level. We estimate a model close to that proposed by Kashyap and Stein (2000) using a panel data set comprising 312 banks observed quarterly over the period 1993-2000. We...
