addition, credit constraints are more heterogeneous across geographic regions and perceived to be binding for specific groups … significant and economically important determinants of household saving preferences and credit constraints. …

credit offered to firms, and requiring the intermediaries to raise further funds by paying the cost to issue equity. This … are characteristic of the credit crunches observed in the data. …

vector autoregression with stochastic volatility. Our results indicate that credit constraints were a significant driver of …

This paper shows that firm credit constraints impair climate policy. Empirically, firms with tighter credit constraints … incorporate this channel into a quantitative DSGE model with endogenous credit constraints and carbon taxes. Credit frictions … endogenous credit constraints than in an economy without such frictions. …