and medium firms in local labor markets differently exposed to these shocks. We find that credit supply shocks have a … for developed countries, suggesting that credit supply shocks play a more prominent role for employment creation (and …

framework as asymmetric credit supply shocks specific to SME lending. I find that during the post-crisis recovery, such …, these shocks had larger and more persistent effect on output than general credit supply shocks. These results are robust to …

They do. Partly. We identify credit supply shocks via sign restrictions in a Bayesian VAR and separate them into … positive and negative. Using local projections, we find that positive credit supply shocks leave notably different prints in … private debt, mortgage debt, and debt: GDP, as opposed to negative credit supply shocks. This pattern is caused by the …

They do. Partly. We identify credit supply shocks via sign restrictions in a Bayesian VAR and separate them into … positive and negative. Using local projections, we find that positive credit supply shocks leave notably different prints in … private debt, mortgage debt, and debt: GDP, as opposed to negative credit supply shocks. This pattern is caused by the …

framework as asymmetric credit supply shocks specific to SME lending. I find that during the post-crisis recovery, such …, these shocks had larger and more persistent effect on output than general credit supply shocks. These results are robust to …