How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels
نویسندگان
چکیده
منابع مشابه
How Does Monetary Policy Affect Household Income Distribution?
Over the last decades the research on monetary policy has largely concentrated on the impact of monetary authorities’ decisions on inflation and the fine-tuning of the macroeconomic, so that distributional effects of monetary policy which are non-trivial has been ignored. A view that has become increasingly popular since the financial crisis 2008 is that expansionary monetary policy can exacerb...
متن کاملsupply and demand security of energy in central asia and the caucasus
امنیت انرژی به معنی عرضه مداوم و پایدار همراه با قیمت های معقول در حامل های انرژی، که تهدیدات امنیتی، سیاسی، اقتصادی، محیط زیستی و روانی را کاهش دهد. امروزه نفت و گاز تنها، کالای تجاری نیست بلکه بعنوان ابزار سیاسی مورد استفاده قرار می گیرد.اختلاف میان روسیه و اکراین بر سر انرژی در ژانویه 2006، تهدیدی برای امنیت انرژی اروپا ایجاد کرد. در این تحقیق ما تلاش کردیم که نقش انرژی آسیای میانه و قفقاز ر...
15 صفحه اول! Do Credit Market Shocks affect the Real Economy ? Quasi - Experimental
This paper uses comprehensive data on bank lending and establishment-level outcomes from 1997-2011 to test whether changes in small business bank lending affect the real economy. The shift-share style research design predicts county-level lending shocks using variation in pre-existing bank market shares and estimated bank supply-shifts. Counties with negative predicted supply shocks experienced...
متن کاملHow does an increase in government purchases affect the economy?
Introduction and summary A classic question facing macroeconomists is: How does an increase in government purchases affect the economy? Our interest in this question is motivated by the desire to evaluate the properties of different rules and institutions for setting fiscal policy. For example, should government purchases vary systematically over the business cycle? What would the macroeconomic...
متن کاملHow Does Land Title Affect Access to Credit? Empirical Evidence from an Emerging Economy
This paper studies the effects property rights on credit access using a unique data set based on a Brazilian land-titling program affecting 85,000 families. The causal role of land title is isolated by comparing two communities in Osasco, where some residential units are allocated titles and others not. Survey data is collected from residents before and after the title granting. In order to est...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of Finance
سال: 2020
ISSN: 0022-1082,1540-6261
DOI: 10.1111/jofi.12869