Stock prices and output growth: an examination of the credit channel

When stock market values fall, we know that investors expect lower economic growth in the future. But can stock market declines actually affect future growth? There is some evidence that they can-through the credit channel.

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Year of publication:	2002
Authors:	Carlstrom, Charles T. ; Fuerst, Timothy S. ; Ioannidou, Vasso P.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2002, Aug, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Stock \| Prices

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390475