How do changes in monetary policy affect
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Sylvia FrΓΌhwirth-Schnatter; Sylvia Kaufmann
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Article
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2006
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John Wiley and Sons
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English
β 792 KB
## 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