Hülsewig, Oliver; Mayer, Eric; Wollmershäuser, Timo - In: Journal of banking & finance 30 (2006) 10, pp. 2893-2910
This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking … impulse responses with the empirical impulse responses to a monetary policy shock. Evidence in support of the credit channel …