Reversing the Financial Accelerator : Credit Conditions and Macro-Financial Linkages

Credit Conditions and Macro-Financial Linkages

Reversing the Financial Accelerator : Credit Conditions and Macro-Financial Linkages
This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explores the relative predictive power of market variables compared to credit standards/conditions. The main conclusion is that under... READ MORE...

Publication date: February 2011
ISBN 9781455216734
$18.00

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