Arslan, Yavuz; Guler, Bulent; Kuruşçu, Burhanettin - 2021
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 …