G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4756
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
URLhttps://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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