Do Credit Supply Shocks Have Asymmetric Effects?
They do. Partly. We identify credit supply shocks via sign restrictions in a Bayesian VAR and separate them into positive and negative. Using local projections, we find that positive credit supply shocks leave notably different prints in private debt, mortgage debt, and debt:GDP, as opposed to ne...
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Publié dans: | MAGKS - Joint Discussion Paper Series in Economics (Band 26-2020) |
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Auteurs principaux: | , |
Format: | Article |
Langue: | anglais |
Publié: |
Philipps-Universität Marburg
2020
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Accès en ligne: | Texte intégral en PDF |
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