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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Bibliografski detalji
Izdano u:MAGKS - Joint Discussion Paper Series in Economics (Band 26-2020)
Glavni autori: Finck, David, Rudel, Paul
Format: Članak
Jezik:engleski
Izdano: Philipps-Universität Marburg 2020
Teme:
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