Can shifts in the credit supply generate a boom-bust cycle similar to the one observed in the US around 2008? To answer … in the housing market, the banking sector, and the rest of the macroeconomy, which provides strong support for the credit … the general equilibrium feedback from the credit supply to household labor income significantly amplify the bust. Moreover …

of growth induced by financial deepening from crises induced by credit booms. Cross-country panel regressions with five …

We study quantitatively how far shifts in the credit supply can generate a boom-bust cycle, similar to the one observed … support for the credit supply channel. The deterioration of bank balance sheets during the bust, the existence of highly … leveraged households, and the general equilibrium feedback from the credit supply to household labor income significantly …

This paper analyzes the design of simple macroprudential rules for bank and non-bank credit markets in a medium … rule implies near price stability, while the optimal macroprudential policy rule stabilizes bank credit and bond volumes …

the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

the period 2003Q1–2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … determining the relative weight of these states over time. We show that shocks to the credit spread and shocks to credit standards … directly lead to a reduction of real GDP growth, whereas shocks to the quantity of credit are less important in explaining …

fluctuations, in line with prominent roles played by the credit crunch and collapse of the asset-backed security market in the … riskiness of borrowers. By using loan approval probability as a screening device, banks ration credit following financial …