Macroeconomic uncertainty and bank lending

Vegard Larsen and Ragnar Juelsrud

No No 05/2022, Working Papers from Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School

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)
Pages: 10 pages
Date: 2022-11
New Economics Papers: this item is included in nep-ban, nep-cba, nep-eec, nep-fdg and nep-mon
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https://hdl.handle.net/11250/3035431

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Journal Article: Macroeconomic uncertainty and bank lending (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:bny:wpaper:0108

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