Unpacking the Effects of Bank Credit Supply Shocks on Economic Activity

Michele Cavallo, Juan Morelli and Rebecca Zarutskie
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Michele Cavallo: https://www.federalreserve.gov/econres/michele-cavallo.htm

No 2024-05-24-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In this note, we examine the effects of bank credit supply shocks on real economic activity. First, we estimate how GDP and various aggregate demand sectors respond to such shocks. Second, based on the estimated responses, we compute how much those sectors contribute to the overall response of aggregate demand to bank credit supply shocks.

Date: 2024-05-24
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-05-24-2

DOI: 10.17016/2380-7172.3517

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