Credit-Market Sentiment and the Business Cycle
收藏NBER2016-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21879
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资源简介：
Using U.S. data from 1929 to 2013, we show that elevated credit-market sentiment in year t 2 is associated with a decline in economic activity in years t and t + 1. Underlying this result is the existence of predictable mean reversion in credit-market conditions. That is, when our sentiment proxies
提供机构：
美国国家经济研究局
创建时间：
2016-01-01
