文章基本信息

标题：Identifying structural shocks behind loan supply fluctuations in Russia
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作者：Elena B. Deryugina ; Alexey A. Ponomarenko
期刊名称：BOFIT Discussion Papers
印刷版ISSN：1456-4564
电子版ISSN：1456-5889
出版年度：2011
出版社：Bank of Finland Institute for Economies in Transition (BOFIT)
摘要：We examine the drivers behind loan supply fluctuations in Russia using Bayesian vector autoregressive model with sign restrictions on impulse response functions. We identify two types of structural innovations: loan supply shock and monetary stance shock. We find that contractionary shocks of both types contributed significantly and in the roughly equal measure to the decrease of bank lending after the Lehman Brothers collapse.