scholarly journals On the direct and indirect real effects of credit supply shocks

2020 ◽  
Author(s):  
Laura Alfaro ◽  
Manuel García-Santana ◽  
Enrique Moral-Benito
Keyword(s):  
Real Effects ◽  
Credit Supply ◽  
Supply Shocks

scholarly journals On the Direct and Indirect Real Effects of Credit Supply Shocks

2018 ◽  
Author(s):  
Laura Alfaro ◽  
Manuel Garcca-Santana ◽  
Enrique Moral-Benito
Keyword(s):  
Real Effects ◽  
Credit Supply ◽  
Supply Shocks

scholarly journals On the Direct and Indirect Real Effects of Credit Supply Shocks

2019 ◽  
Author(s):  
Laura Alfaro ◽  
Manuel García-Santana ◽  
Enrique Moral-Benito
Keyword(s):  
Real Effects ◽  
Credit Supply ◽  
Supply Shocks

Credit supply shocks and the Great Depression in Germany

2020 ◽  
Author(s):  
Max Breitenlechner ◽  
Daniel Gründler ◽  
Gabriel P Mathy ◽  
Johann Scharler
Keyword(s):  
Great Depression ◽  
Aggregate Demand ◽  
Banking Crisis ◽  
Expansion Phase ◽  
Vector Autoregressive ◽  
Credit Supply ◽  
The Great Depression ◽  
Supply Shocks ◽  
Structural Vector Autoregressive Model ◽  
Structural Vector

Abstract At the peak of the Great Depression in mid-1931, Germany experienced a severe banking crisis. We study to what extent credit constraints contributed to the downturn by fitting a structural vector autoregressive model with data from January 1925 to September 1935. Adverse credit supply shocks contributed strongly to the downturn especially at the time of the 1931 banking crisis. Before that, credit supply shocks had also contributed to the expansion phase preceding the depression. We also find that aggregate demand and U.S. business cycle shocks were the primary drivers of the German Great Depression.

scholarly journals International credit supply shocks

2018 ◽  
Vol 112 ◽  
pp. 219-237 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
Andrea Ferrero ◽  
Alessandro Rebucci
Keyword(s):  
Credit Supply ◽  
Supply Shocks ◽  
International Credit
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