We propose a new methodology to identify aggregate demand and supply shocks in the bank loan market. We present a model … largely explained by demand shocks. Fluctuations in lending rates were instead mostly determined by bank- driven supply shocks … loan-level data: according to our framework, firm- and bank-time fixed effects only separate demand from supply under …

coalition, as members did not agree on keeping the oil market tight in the face of a large negative demand shock. Yet, was OPEC … prices actually reflect OPEC+ production cuts rather than other factors, like swings in demand for oil? How would the price …

in mark-ups. Demand also suffered a conspicuous decline. Our results suggest that non-stressed countries seem to enjoy a … stronger recovery in terms of fundamentals like quantity TFP, demand and mark-ups than stressed countries. Yet, their overall …

Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand … interest rate increases the average loan size by 0.22% whereas a commensurable increase in maturity increases loan demand by 0 …