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Monetary policy regimes in macroeconomic data: An application of fractal analysis

✍ Scribed by Robert F. Mulligan; Roger Koppl


Book ID
113871791
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
778 KB
Volume
51
Category
Article
ISSN
1062-9769

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## Abstract Using a panel of Austrian bank data we show that the lending decisions of the smallest banks are more sensitive to interest rate changes, and that for all banks, sensitivity changes over time. We propose to estimate the groups of banks that display similar lending reactions by means of