bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit …

estimation of a large VAR through Bayesian techniques. Loans to households emerge as the most important driver of economic …

The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

indices, namely the FTSE100 (UK), DAX30 (Germany), CAC40 (France), IBEX35 (Spain) and FTSE MIB40 (Italy), using fractional …

in Italy since 2013. I combine social security data with several empirical approaches, leveraging the time …

issue empirically, using survey data for Italy. Results suggest that, according to the theoretical predictions, proxies for …