mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …

transmission to output and investment, amplify the credit cycle, and flatten the Phillips curve. …

policy is transmitted via the portfolio rebalancing, the signalling, credit easing and exchange rate channels. Spanish real …

This study shows that, in the United States, the effects of monetary policy on credit and housing markets have become …. Macroeconomic stabilization through monetary policy may therefore have become associated with greater fluctuations in credit and … housing markets, whereas stabilizing credit and house prices may have become less costly in terms of macroeconomic volatility …

This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking …. Evidence in support of the credit channel can be reported. …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …