type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous …

’ liquidity constraints. We also demonstrate that increasing the rate of inflation can be welfare improving when credit rationing …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

the credit channel via the financial accelerator mechanism. The results show that tax evasion is pro cyclical and …

of individual-level credit bureau records and utilizing approaches that aim to isolate supply from demand considerations … bankcard credit limits than residing in a neighborhood where the share of American Indian residents is low. We further find … that consumer's credit history is a robust and quantitatively more important predictor of awarded bankcard credit limits …

In higher education, pure credit market funding leads to underinvestment due to insufficient risk pooling, while pure … credit markets coexist alongside income-contingent loan funding – might restore efficiency of the educational investment … and, under some condition, leads to higher social welfare than pure credit market funding. If combined with a policy that …

In U.S. data 1981–2012, unsecured firm credit moves procyclically and tends to lead GDP, while secured firm credit is … acyclical; similarly, shocks to unsecured firm credit explain a far larger fraction of output fluctuations than shocks to … secured credit. In this paper we develop a tractable dynamic general equilibrium model in which unsecured firm credit arises …

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks … branches in the UK, we connect firms' access to bank credit to the financial condition (i.e., bank health and the use of core … conditions did not influence credit availability irrespective of the functional distance (i.e., the distance between bank branch …