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A note on the long-run neutrality of monetary policy : new empirics

Asongu, Simplice A. - 2013

Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...

Persistent link: https://www.econbiz.de/10011409905

Bank leverage, credit and GDP in Switzerland : a VAR analysis 1987-2015

Kugler, Peter; Junge, Georg - 2017

leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …

Persistent link: https://www.econbiz.de/10011667888

K-state switching models with time-varying transition distributions : does credit growth signal stronger effects of variables on inflation?

Kaufmann, Sylvia - 2014

regime dependent two-pillar Phillips curve for the euro area, in which lagged credit growth determines the transition …

Persistent link: https://www.econbiz.de/10010493611

Measuring credit structure impact on economic growth in Croatia using (VECM) 1990-2018

Škare, Marinko; Sinković, Dean; Porada-Rochoń, … - In: Journal of business economics and management 20 (2019) 2, pp. 294-310

total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator …. Total credit share in the GDP appears biased in empirical modeling. Credit structure (loans to firms and households) prove … to be more robust when used in the modeling. Credit structure reveals a different impact on economic growth showing …

Persistent link: https://www.econbiz.de/10012175688

Credit volatility and productivity growth

Brzozowski, Michał - In: Equilibrium : quarterly journal of economics and … 13 (2018) 2, pp. 215-232

Persistent link: https://www.econbiz.de/10012231732

Monetary policy, credit institutions and the bank lending channel in the euro area

Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...