scholarly journals Endogenous TFP, Business Cycle Persistence and the Productivity Slowdown in the Euro Area

2020 ◽  
Author(s):  
Martin Spitzer ◽  
Michaela Schmöller
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Productivity Slowdown

The Association Between Bank Credit Terms and Conditions and the Business Cycle in the Euro Area

2019 ◽  
Vol 65 (4) ◽  
pp. 247-256
Author(s):  
Dimitrios Anastasiou ◽  
Konstantinos Drakos
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Bank Loan ◽  
Bank Credit ◽  
Monetary Policies ◽  
Policy Makers ◽  
Long Run ◽  
Loan Terms ◽  
Short Run ◽  
The Business Cycle

Abstract We explored the trajectory of bank loan terms and conditions over the business cycle, where the latter was decomposed into its long-run (trend) and short-run (cyclical) components. We found that deterioration of each business cycle component leads to a significant tightening of credit terms and conditions. We found mixed results concerning the symmetry of impacts of the short and long run components. Symmetry was found between the terms and conditions on loans for small vs. large enterprises. Our findings provide very useful information to policy makers and should be taken into consideration when monetary policies are designed.

scholarly journals Money in an Estimated Business Cycle Model of the Euro Area

2006 ◽  
Vol 116 (511) ◽  
pp. 457-477 ◽  
Author(s):  
Javier Andrés ◽  
J. David López‐Salido ◽  
Javier Vallés
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Cycle Model ◽  
Business Cycle Model
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