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As a result of the COVID-19 pandemic, governments and central banks worldwide implemented a wide range of policies to support households and businesses, among them a series of measures to support the availability of credit. This paper quantitatively assesses how monetary and regulatory policy...
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, or deregulation in product markets. We show that monetary discipline can be a ‘substitute’ both for better (i.e. less … distortionary) fiscal policies and for deregulation in product markets …
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machinery industry exports rather than agriculture and food products, and, on the contrary, in countries with higher interest … rates the share of agriculture and food exports increases and the share of machinery industry products declines. The …
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period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial …, Deregulation, Economic Stability, and Financial Crisis, Part I: The Evolution of Securitization.') …
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