How We Might Model a Credit Squeeze, and Draw Some Policy Implications for Responding to It

Peter J. N. Sinclair

No 2008-40, Economics Discussion Papers from Kiel Institute for the World Economy

Abstract: This paper endeavours to illustrate the consequences of a credit squeeze by inserting a standard model of retail banks into some familiar macroeconomic models. Some possible policy conclusions are drawn about the benefits of incentives to increase lending at these times, and to reduce it in much better times. --

Keywords: Credit famine; credit crunch (search for similar items in EconPapers)
JEL-codes: D53 G32 D86 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:zbw:ifwedp:7461

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