Guarín, Alexander; González, Andrés; Skandalis, Daphné - In: ENSAYOS SOBRE POLÍTICA ECONÓMICA (2014)
In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones's (2008) idea that macroeconomic aggregates contain valuable information to predict lending...