Loan supply shocks and the business cycle

This paper provides empirical evidence on the role played by loan supply shocks over the business cycle in the euro area, the UK and the USA from 1980 to 2011 by estimating time-varying parameter vector autoregression models with stochastic volatility and identifying these shocks with sign restricti...

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Bibliographische Detailangaben

Hauptverfasser:	Gambetti, Luca, Musso, Alberto
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycle Euro Area Loan supply Sign restrictions Time-varying VAR
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