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, and economic activity. Monetary policy more easily stabilizes inflation, but contributes to larger fluctuations in credit …
Persistent link: https://www.econbiz.de/10012936473
We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on …
Persistent link: https://www.econbiz.de/10012855467
ways. First, I apply a micro-founded strategy for disentangling demand from supply shifts in credit. Using this … period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the …
Persistent link: https://www.econbiz.de/10013023320
Persistent link: https://www.econbiz.de/10012991292
The goal of the paper is to identify and estimate transmission of monetary policy impulses through the broad credit and … domestic product (GDP), inflation, and volume of loans. The results imply that channels are interrelated and the broad credit …
Persistent link: https://www.econbiz.de/10012929982
provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …
Persistent link: https://www.econbiz.de/10012887834
To what extent does the availability of credit depend on monetary policy? And, does this relationship vary with bank …
Persistent link: https://www.econbiz.de/10013078975
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and cooperative banks as well as through individual loan...
Persistent link: https://www.econbiz.de/10014515074
We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on …
Persistent link: https://www.econbiz.de/10012913551