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-supply channel as an extension of the credit channel pioneered by Bernanke and Blinder (1988). -- Countercyclical bank markups …
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credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is …
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credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is …
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This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit …--on average, they occur every five years. By comparison, banking crises take place every eight years on average. Credit reversals …
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