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 …

reducing banks' cost of funds. Using panel data on 8.5 million U.S. credit card accounts and 743 credit limit regression … discontinuities, we estimate the marginal propensity to borrow (MPB) for households with different FICO credit scores. We find … substantial heterogeneity, with a $1 increase in credit limits raising total unsecured borrowing after 12 months by 59 cents for …

order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure …. -- Financial crisis ; monetary policy ; liquidity trap ; credit crunch ; asset markets …

firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in … addition, better access of small firms to credit markets in the wake of state-level banking deregulation during the 1980s seems … better access to credit markets may have made it easier for the owners of small firms to smooth income in the face of adverse …