| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4756 |
| DP4756 Economic Theories of Bundling and their Policy Implications in Abuse Cases: An Assessment in Light of the Microsoft Case | |
| Kai-Uwe Kühn; Robert Stillman | |
| 发表日期 | 2004-11-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | A robust finding for both small and large banks is that in response to a monetary tightening, real estate and consumer loans decrease while C&I loans increase. We also show that in a standard log-linear VAR the impulse response function of an aggregate variable is time varying. The finding that loan components move in opposite directions and the property that the impulse response of total loans is time-varying explain why studies that use total loans have had such a hard time finding a robust response of bank loans to a monetary tightening. |
| 主题 | International Macroeconomics |
| 关键词 | Small and large banks Var Impulse response functions |
| URL | https://cepr.org/publications/dp4756 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533672 |
| 推荐引用方式 GB/T 7714 | Kai-Uwe Kühn,Robert Stillman. DP4756 Economic Theories of Bundling and their Policy Implications in Abuse Cases: An Assessment in Light of the Microsoft Case. 2004. |
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