Credit Allocation and Macroeconomic Fluctuations
收藏NBER2023-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31420
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资源简介：
We study the relationship between credit expansions, macroeconomic fluctuations, and financial crises using a novel database on the sectoral distribution of private credit for 117 countries since 1940. We document that, during credit booms, credit flows disproportionately to the non-tradable sector.
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美国国家经济研究局创建时间：
2023-07-01
