aggregate data. Changes in household credit limits explain 40 percent of the differential rise and fall of employment across … gradual, credit shocks greatly slowed the recovery …

Lithuania's current credit cycle highlights the strong link between housing prices and credit. We explore this … relationship in more detail by analyzing the main features of credit, housing price, and output cycles in Baltic and Nordic … countries during1995-2017. We find a high degree of synchronization between Lithuania's credit and housing price cycles. Panel …

driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the …

shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …

over the period of 2000-2018. Based on macro data, it shows that a rise in credit to firms is associated with an increase …, even when the changes in credit to households are accounted for. Next, using data from a large sample of firms, it shows …

amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision …