-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following … rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …

The paper emphasizes how changes in credit conditions in the Czech Republic are likely to influence aggregate …/Permanent-Income Hypothesis, including a standard model of consumption and incorporating credit supply. We first concluded that credit conditions … models further confirmed the acute effect real interest rates have on household consumption. We ultimately concluded that …

others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit … slower recoveries. Credit-financed housing price bubbles have emerged as a particularly dangerous phenomenon. …

others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit … slower recoveries. Credit-financed housing price bubbles have emerged as a particularly dangerous phenomenon …

in a debtor-creditor partnership. The credit market is seen from the perspective of principal-agent theory and the … channels of risk between the financial sector and the real sector are judged from the financial accelerator perspective. …