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We study the effect of a (standard) monetary policy shock in the euro area on the Lithuanian economy. We employ a … exogenous structure to account for the fact that Lithuania is a small economy. In general, we find that a monetary policy shock …
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crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial …
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We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...
Persistent link: https://www.econbiz.de/10014527119
sign restrictions. The results reveal that both a policy interest rate shock and a balance sheet shock have a positive and … temporary impact on house prices in Finland, with the response to a balance sheet shock being smaller and fading out faster. The … peak of the effect of a policy rate shock on house prices in Finland arrives faster than in the whole euro area but the …
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crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial …
Persistent link: https://www.econbiz.de/10011587743