This paper proposes a new theoretical framework for the analysis of the relationship between credit shocks, firm …. The model is then used to study the impact of credit shocks on business cycle dynamics. It is assumed that firms are … and the level of uncertainty in the economy. A positive credit shock, defined as a rise in the loan-to-deposit ratio …

This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …

This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …

This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …

. This approach identifies R0 in a panel regression model by filtering out the effects of mitigating factors on disease …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …