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Leading Standards and the Business Cycle: Evidence from Loan Survey Releases
The Fed's Senior Loan Officer Opinion Survey (SLOOS) is widely considered a good indicator of banks' lending conditions. We use the change in corporate bond spreads on SLOOS release days to instrument changes in lending standards. A series of estimated IV local projections shows that lendi...
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| Publicat a: | MAGKS - Joint Discussion Paper Series in Economics (Band 31-2021) |
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| Autors principals: | , |
| Format: | Article |
| Idioma: | anglès |
| Publicat: |
Philipps-Universität Marburg
2021
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| Matèries: | |
| Accés en línia: | PDF a text complet |
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MAGKS - Joint Discussion Paper Series in Economics