| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8944 |
| DP8944 Money, credit, monetary policy and the business cycle in the euro area | |
| Lucrezia Reichlin; Domenico Giannone; Michele Lenza | |
| 发表日期 | 2012-04-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates for the euro area in order to study the features of financial intermediation over the business cycle. We find that stylized facts for aggregate monetary and real variables are remarkably similar to what has been found for the US by many studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer term interest rates. |
| 主题 | International Macroeconomics |
| 关键词 | Euro area Loans monetary policy Money Non-financial corporations |
| URL | https://cepr.org/publications/dp8944 |
| 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/537782 |
| 推荐引用方式 GB/T 7714 | Lucrezia Reichlin,Domenico Giannone,Michele Lenza. DP8944 Money, credit, monetary policy and the business cycle in the euro area. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
