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Credit Demand Asymmetry in the Netherlands 1983–1997

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Coordination and Growth

Abstract

We employ a threshold regression model to investigate asymmetry in the Dutch credit demand equation. Our results show that in periods of expansionary monetary policy, the impact of interest changes is larger than in periods of monetary tightening. We do not find different effects over the business cycle, i.e. between booms and recessions. Both findings are in line with previous studies. Our results imply that non-linearity in de credit demand equation should be taken into account in assessments of monetary policy stance.

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Author information

Authors and Affiliations

  1. CCSO and Department of Economics, University of Groningen, The Netherlands

    Jan Jacobs & Jan Kakes

  2. Monetary and Economic Policy Department, De Nederlandsche Bank, The Netherlands

    Jan Jacobs & Jan Kakes

Authors
  1. Jan Jacobs
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  2. Jan Kakes
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Editor information

Editors and Affiliations

  1. Department of Economics, University of Groningen, The Netherlands

    Gerard H. Kuper , Elmer Sterken  & Els Wester ,  & 

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© 2001 Springer Science+Business Media New York

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Jacobs, J., Kakes, J. (2001). Credit Demand Asymmetry in the Netherlands 1983–1997. In: Kuper, G.H., Sterken, E., Wester, E. (eds) Coordination and Growth. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1549-4_12

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  • DOI: https://doi.org/10.1007/978-1-4615-1549-4_12

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5609-7

  • Online ISBN: 978-1-4615-1549-4

  • eBook Packages: Springer Book Archive

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