Stock prices and output growth: an examination of the credit channel

Charles Carlstrom, Timothy Fuerst and Vasso Ioannidou ()

Economic Commentary, 2002, issue Aug

Abstract: When stock market values fall, we know that investors expect lower economic growth in the future. But can stock market declines actually affect future growth? There is some evidence that they can-through the credit channel.

Keywords: Stock; -; Prices (search for similar items in EconPapers)
Date: 2002
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