Aron, Janine; Duca, John V.; Muellbauer, John; Murata, Keiko - Federal Reserve Bank of Dallas - 2010
other credit effects. These models therefore capture important parts of the financial accelerator. The evidence is that … credit availability for U.K. and U.S. but not Japanese households has undergone large shifts since 1980. The average … important differences in the transmission of monetary and credit shocks between Japan and the U.S., U.K. and other credit …
