Macroeconomic uncertainty and bank lending

Ragnar Juelsrud and Vegard Larsen

Economics Letters, 2023, vol. 225, issue C

Abstract: We investigate the impact of macro-related uncertainty on bank lending in Norway. We show that an increase in general macroeconomic uncertainty reduces bank lending. Importantly, however, we show that this effect is largely driven by monetary policy uncertainty, suggesting that uncertainty about the monetary policy stance is key for understanding why macro-related uncertainty impacts bank lending.

Keywords: Macroeconomic uncertainty; Textual analysis; Bank lending (search for similar items in EconPapers)
JEL-codes: D80 E52 G21 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176523000666
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Macroeconomic uncertainty and bank lending (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000666

DOI: 10.1016/j.econlet.2023.111041

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().