Hülsewig, Oliver; Mayer, Eric; Wollmershaeuser, Timo - 2021
firm in which banks decide on their loan supply in light of uncertainty about the future course of monetary policy …. Applying a vector error correction model (VECM), we estimate the response of bank loans after a monetary policy shock taking … loans by matching the theoretical impulse responses with the empirical impulse responses to a monetary policy shock …