the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are slightly less important in …

the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

the period 2003Q1–2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

in the transmission of monetary policy within the credit channel. …

area slowed down dramatically, bringing the economy close to a credit crunch. It was only after the start of the European … comprises several measures of financial access, such as credit availability, financial constraints, and interest rates. The …

area slowed down dramatically bringing the economy close to a credit crunch. It was only after the start of the ECB … measures of financial access such as credit availability, financial constraints and interest rates. The micro level nature of …