Eickmeier, Sandra; Hofmann, Boris; Worms, Andreas - Deutsche Bundesbank - 2006
This paper analyzes how bank lending to the private nonbank sector responds dynamically to aggregate supply, demand and … output, prices, interest rates and bank loans over time. In order to assess the role of bank lending in the transmission of … evidence that loans amplify the transmission of macroeconomic fluctuations or that a "financial accelerator" via bank lending …