credit histories were not targeted for subprime mortgages." …

order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure …. -- Financial crisis ; monetary policy ; liquidity trap ; credit crunch ; asset markets …

stages of crisis management in the USA. It assesses their distributional effects and compares them with alternative policy …

, counties) where household leverage had increased more during the credit boom. This pattern is difficult to explain with …-sectional evidence display high sensitivity of real activity to nominal credit shocks. Since home equity borrowing and public money are …