sector credit booms rather than from the expansion of public debt. However, we find evidence that high levels of public debt … peak; (ii) the output drop is even worse and recovery even slower when the crisis is preceded by a credit boom; and (iii …) the path of recovery is worse still when a credit-fueled crisis coincides with elevated public debt levels. Recent …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …