Voters punish incumbent Presidential candidates for contractions in the local (county-level) supply of mortgage credit … during market-wide contractions of credit, but they do not reward them for expansions in mortgage credit supply in boom times … underwriting standards to a severe contraction of mortgage credit. Voters responded to the credit crunch by shifting their support …

reconsideration of models of price and quantity adjustment. We examine relationships between credit disturbances and real activity ….Second, extending earlier examinations of credit rationing as an outcome under imperfect information, we motivate this link by … considering the impact of deflation on credit availability. The addition of measures of credit rationing accompanying deflation …

Voters punish incumbent Presidential candidates for contractions in the local (county-level) supply of mortgage credit … during market-wide contractions of credit, but they do not reward them for expansions in mortgage credit supply in boom times … underwriting standards to a severe contraction of mortgage credit. Voters responded to the credit crunch by shifting their support …

Assessing the extent to which agents or firms face capital-market imperfections and quantity restrictions on credit is … price-clearing, "full-information" models of loan markets, in models of credit allocation where information is imperfect … (which we describe as "information-intensive"). "the interest rate" need not reflect the shadow price of credit in financial …

reconsideration of models of price and quantity adjustment. We examine relationships between credit disturbances and real activity ….Second, extending earlier examinations of credit rationing as an outcome under imperfect information, we motivate this link by … considering the impact of deflation on credit availability. The addition of measures of credit rationing accompanying deflation …

Voters punish incumbent Presidential candidates for contractions in the local (county-level) supply of mortgage credit … during market-wide contractions of credit, but they do not reward them for expansions in mortgage credit supply in boom times … underwriting standards to a severe contraction of mortgage credit. Voters responded to the credit crunch by shifting their support …