Lucas Hafemann
YOU?
Author Swipe
View article: Leading Standards and the Business Cycle: Evidence from Loan Survey Releases
Leading Standards and the Business Cycle: Evidence from Loan Survey Releases Open
The Fed's Senior Loan Officer Opinion Survey (SLOOS) is widely considered a good indicator of banks' lending conditions. We use the change in corporate bond spreads on SLOOS release days to instrument changes in lending standards. A series…
View article: The aggregate and country-specific effectiveness of ECB policy: evidence from an external instruments (VAR) approach
The aggregate and country-specific effectiveness of ECB policy: evidence from an external instruments (VAR) approach Open
This paper studies the transmission of ECB monetary policy, both at the aggregate euro area and the country level. We estimate a VAR model for the euro area in which monetary policy shocks are identified using an external instrument that r…
View article: Prudential Policies in the Eurozone: A Propensity Score Matching Approach
Prudential Policies in the Eurozone: A Propensity Score Matching Approach Open
This paper studies the effectiveness of micro- and macroprudential policy tools in the euro area. The established empirical literature on macroprudential policy generally considers panel estimations that suffer from two estimation biases, …
View article: Moving Closer or Drifting Apart: Distributional Effects of Monetary Policy
Moving Closer or Drifting Apart: Distributional Effects of Monetary Policy Open
Our paper picks up the current controversial debate about increasing (income) inequality due to recent monetary policy measures in major advanced economies. We use a VAR framework identified with sign restrictions to figure out how income …
View article: Lending Standards and the Business Cycle: Evidence from Loan Survey Releases
Lending Standards and the Business Cycle: Evidence from Loan Survey Releases Open