Kabashi, Rilind; Suleva, Katerina - Narodna Banka na Republika Makedonija - 2016
This paper analyses the effects of loan supply, as well as aggregate demand, aggregate supply and monetary policy … well as on economic activity and prices. The effects of monetary policy on lending activity are fairly limited, although … there is some evidence that it affects lending rates more than loan volumes. Monetary policy shocks have strong effects on …