This paper addresses the relevance of the bank lending channel in the transmission of monetary policy in Germany on the …

-sector heterogeneity. Distinguishing different transmission channels, we find that in particular the transmission via US and foreign short …-term interest rates and the exchange rate play an important role. As to the determinants of the strength of transmission to …, thus linking the strength of asset price transmission to underlying trade and asset holdings, and find that in particular …

impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …

der realwirtschaftlichen Kredite. Gleichwohl besteht die Möglichkeit einer verzögerten positiven Transmission auf das …

-linear and partially non-monotonous, indicating that the transmission of monetary measures is more complex when endogeneous …

Transmission auf das privatwirtschaftliche Kreditvolumen. …