WebJul 4, 2024 · The real effects of credit supply shocks. Even after identifying the bank lending channel, the real consequences to an economy are complex. They include direct and indirect effects of buyer-supplier (input-output) relations. Effects, moreover, may differ during expansions, recessions and, in particular, financial crises. Webation channel" (Dupor and Li(2015)) does not seem to be operative at the ZLB in the way predicted by the theory, at least conditional on supply shocks. Our results therefore suggest that caution ought to be in order when applying the basic intuition from the NK model to draw inferences about the likely e ects of demand shocks.
Identifying credit supply shocks with bank-firm data: Methods and ...
WebOct 1, 2024 · This paper studies the effects of credit-supply shocks on firms’ productivity in Italy during the European sovereign debt crisis. While the impact of a credit freeze on … WebApr 6, 2024 · Computer Smartphone Mobile Firm age Formal Medium Large firms as customers Have loan Large Have credit line with suppliers Have electricity Urban location Female owner Manager’s education ... tall vases in bulk
THE TFP CHANNEL OF CREDIT SUPPLY SHOCKS
WebFirst, using state-of-the-art credit supply shock and aggregate TFP measures, I show that an adverse credit supply shock has a weak and very short-lived effect on aggregate TFP. Sec … WebFeb 1, 2015 · In the structural literature, (negative) credit supply shocks can reflect a weakening of the financial position of financial institutions (possibly due to a decline in bank capital (Gerali et al., 2010) or asset prices (Buera and Moll, 2014)), an increase in expected or realised credit default risk (Christiano et al., 2010, Atta-Mensah and Dib, 2008), a … WebOct 7, 2024 · Abstract: Using a panel of Credit Default Swap (CDS) spreads and supply chain links, we observe that both favorable and unfavorable credit shocks propagate through supply chains in the CDS market. Particularly, the three-day cumulative abnormal CDS spread change (CASC) is 63 basis points for firms whose customers experienced a CDS … tall uk trees