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Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations
Peersman, Gert; Wagner, Wolf - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10010257361
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Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations
Peersman, Gert - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10013055428
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Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations
Peersman, Gert - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10013058143
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Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations
Peersman, Gert - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10013058207
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Monetary policy transmission and trade-offs in the United States : old and new
Hofmann, Boris; Peersman, Gert - 2017 - First version: July 2017, this version: October 2017
This study shows that, in the United States, the effects of monetary policy on credit and housing markets have become …. Macroeconomic stabilization through monetary policy may therefore have become associated with greater fluctuations in credit and … housing markets, whereas stabilizing credit and house prices may have become less costly in terms of macroeconomic volatility …
Persistent link: https://www.econbiz.de/10011754207
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Monetary Policy Transmission and the Impact on Financial Markets, Inflation and the Real Economy
Van Holle, Frederiek - 2019
The relationship between macroeconomic variables and asset prices varies over time. Recent research points to monetary policy as an important driver of this dynamic relationship. On the one hand, most central banks pursue a mandate that takes into account expected inflation and some measure of...
Persistent link: https://www.econbiz.de/10012864709
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Assessing the impact of the Bank of Canada's government bond purchases
Azizova, Chinara; Witmer, Jonathan; Zhang, Xu - 2024
Persistent link: https://www.econbiz.de/10014577895
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Firm entry, inflation and the monetary transmission mechanism
Lewis, Vivien; Poilly, Céline - 2011
This paper estimates a business cycle model with endogenous firm entry by matching impulse responses to a monetary policy shock in US data. Our VAR includes net business formation, profits and markups. We evaluate two channels through which entry may influence the monetary transmission process....
Persistent link: https://www.econbiz.de/10011596318
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Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations
Peersman, Gert; Wagner, Wolf - 2014
Persistent link: https://www.econbiz.de/10010412095
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Shocks to bank lending, risk-taking, securitization, and their role for u.s. business cycle fluctuations
Peersman, Gert; Wagner, Wolf - 2014
Persistent link: https://www.econbiz.de/10010395001