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Credit Supply, Firms, and Earnings Inequality

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NBER2026-05-01 更新2026-05-30 收录
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We study the distributional consequences of monetary policy-induced credit supply in the German labor market. Firms in relationships with banks that are more exposed to the introduction of negative interest rates in 2014 experience a relative contraction in credit supply, associated with lower

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2026-05-01
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