The Leverage Factor: Credit Cycles and Asset Returns
收藏NBER2019-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w26435
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资源简介:
Research finds strong links between credit booms and macroeconomic outcomes like financial crises and output growth. Are impacts also seen in financial asset prices? We document this robust and significant connection for the first time using a large sample of historical data for many countries.
提供机构:
美国国家经济研究局
创建时间:
2019-11-01



