-employee literature. We construct firm-specific exogenous credit supply shocks and estimate their direct and indirect effects on real … activity using firm-specific measures of upstream and downstream exposure. Credit supply shocks have sizable direct and … crisis. In terms of mechanisms, trade credit extended by suppliers and price adjustments play a role in accounting for …

We evaluate the impact of the credit conditions facing corporations on their emissions of toxic air pollutants … that positive shocks to credit conditions reduce corporate pollution …

banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the …

How does the large market for credit score improvement products affect consumers and market efficiency? For consumers …, we use a randomized encouragement design on a standard credit builder loan (CBL) and find null average effects on scores … credit activity. CBLs induce delinquency on pre-existing loan obligations, suggesting that even a seemingly modest additional …

Standard economic theory says that unsecured, high-interest, short-term debt — such as borrowing via credit cards and … income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting consumption. We … first use detailed longitudinal information on debit and credit card transactions, account balances, and credit lines from a …

The market for corporate credit is characterized by significant seasonal variation, both in interest rates and the …

the financial health of the contracting parties and uncertainty regarding the borrowers' credit quality. The relative …