Khawaja, Idrees (contributor); … - 2007
(1992) Credit, Money, and Aggregate Demand.
American Economic Review 82, 901–21.
Bernanke, Ben, and Mark Gertler (1989 … monetary policy on the level
of real economic activity see Friedman and Schwartz (1963), Romer and Romer (1989), and
Bernanke … Bernanke and Gertler (1989). The authors argue that borrowers’
creditworthiness is countercyclical. The reason is that …