Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …

rates, output, asset prices and credit in the US. We find close linkages amongst cyclical fluctuations in the variables. …

account for 12% of GDP variance and real house prices for 9%). Shocks to the term spread or to leverage (credit-to-GDP ratio …

This study provides evidence of the relationship between credit and real activity in Central America and the Dominican … Republic. We address the empirics of the link between credit and real activity for the case of a group of developing countries … with limited financial markets where bank credit is the main source of external finance for the private sector. We compile …

account for 12% of GDP variance and real house prices for 9%). Shocks to the term spread or to leverage (credit-to-GDP ratio …

The Mundell-Fleming model is expanded to include a "credit channel" by adding a market for bank loans. In contrast to … produce aggregate demand effects in our credit-channel model. We test this hypothesis with an empirical growth model estimated … with data from small open economies: the U.S. states. The evidence supports our "credit view" model's prediction that …