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1Private Sector Debt, Financial Constraints, and the Effects of Monetary Policy: Evidence from the USby Breitenlechner, Max Scharler, Johann Published in Oxford bulletin of economics and statistics (01.08.2020)“...We characterize the response of U.S. real GDP to monetary policy shocks conditional on the level of private sector debt and the degree to which financial...”
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2by Breitenlechner, Max Gächter, Martin Sindermann, Friedrich Published in Economics letters (01.07.2015)“...While the literature on the finance–growth nexus suggests a positive link between financial development and economic growth, another strand of literature...”
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3by Antonakakis, Nikolaos Breitenlechner, Max Scharler, Johann Published in The Quarterly review of economics and finance (01.11.2015)“...•Examine spillovers between business cycles (BC) and financial cycles (FC) in the G7.•BC and FC spillovers are time-, country- and extreme economic...”
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4by Breitenlechner, Max Mathy, Gabriel P Scharler, Johann Published in Explorations in economic history (01.01.2021)“...We measure the contributions of loan supply shocks and other macroeconomic shocks to U.S. output dynamics during the Great Depression. Using structural vector...”
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5by Breitenlechner, Max Gründler, Daniel Scharler, Johann Published in Journal of macroeconomics (01.03.2021)“...We study unconventional policy shocks and information shocks associated with central bank announcements in the U.S. While unconventional policy shocks capture...”
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6by Breitenlechner, Max Scharler, Johann Sindermann, Friedrich Published in Journal of financial stability (01.10.2016)“...•We evaluate responses of banks’ external financing costs to macroeconomic shocks.•We combine bank level data with macroeconomic aggregates in a structural VAR...”
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9by Breitenlechner, Max“...We quantify spillbacks from US monetary policy based on structural scenario analysis and minimum relative entropy methods applied in a Bayesian proxy...”
2021
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10“...We study the credit channel of Chinese monetary policy in a structural vector autoregressive framework. Using combinations of zero and sign restrictions, we...”
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12by Breitenlechner, Max“...We study the transmission of monetary policy shocks to loan volumes using a structural VAR. To disentangle different transmission channels, we use aggregated...”
2018
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13“...We study the credit channel of Chinese monetary policy in a structural vector autoregressive framework. Using combinations of zero and sign restrictions, we...”
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14“...We study the credit channel of Chinese monetary policy in a structural vector autoregressive framework. Using combinations of zero and sign restrictions, we...”
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15“...We study the transmission of monetary policy shocks to loan volumes using a structural VAR. To disentangle different transmission channels, we use aggregated...”
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16by Breitenlechner, Max“...In this study we examine the dynamic interactions between credit growth and output growth using the spillover index approach of Diebold and Yilmaz (2012)...”
2014
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17“...We evaluate contributions of exogenous loan supply shocks to output dynamics during the Great Depression. Based on a structural VAR, we impose sign...”
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18by Breitenlechner, Max Scharler, Johann Published in Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Business Cycles II (2017)“...We evaluate contributions of exogenous loan supply shocks to output dynamics during the Great Depression. Based on a structural VAR, we impose sign...”
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19Replication Files for: Decomposing the U.S. Great Depression: How important were Loan Supply Shocks?“...This folder contains the data and all necessary files to replicate all results from the article “Decomposing the U.S. Great Depression: How important were Loan...”
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20Replication Files for: Decomposing the U.S. Great Depression: How important were Loan Supply Shocks?“...This folder contains the data and all necessary files to replicate all results from the article “Decomposing the U.S. Great Depression: How important were Loan...”