Bassett, William F.; Chosak, Mary Beth; Driscoll, John C.; … - Federal Reserve Board (Board of Governors of the … - 2012
Identifying the macroeconomic effects of credit supply disruptions is difficult because many of the same factors that influence the supply of bank loans can also affect the demand for credit. Using bank-level responses to the Federal Reserve's Senior Loan Officer Opinion Survey, we decompose the...