Koopman, Siem Jan; Kräussl, Roman; Lucas, André; … - 2006
cycle to the business cycle, bank lending conditions, and
financial market variables. In line with earlier studies, these …
JEL Classification: G11, G21
Keywords: Credit Cycles, Business Cycles, Bank Lending Conditions, Unobserved …. We
condition the credit cycle on a number of macro economic fundamentals, reflecting the state
of the business cycle …