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This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking 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...
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verschlechtert. Nach wie vor ist in Deutschland das Trendwachstum - im Vergleich zu anderen Mitgliedsstaaten der EWU - relativ …
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This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking 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...
Persistent link: https://www.econbiz.de/10002572409
enttäuschend schwach. Deutschland ist von der Weltkonjunktur entkoppelt und liegt nach wie vor beim Wachstum unter dem Durchschnitt …
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