Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the … more equal asset distribution may contract the output of the credit intensive sector as redistribution to the bottom of the … out the possibility that an economy with relatively equal distribution of asset ownership may import capital or credit …

This paper studies the relationships between inflation, economic activity, credit, monetary policy, and residential … significant responses to a monetary policy shock. Shocks to asset prices have a positive, significant effect on GDP and credit …