The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Changes in bank lending standards and the macroeconomy
Open accessAbstract
Abstract Identifying macroeconomic effects of credit shocks is difficult because many of the same factors that influence the supply of loans also affect the demand for credit. Using bank-level responses to the Federal Reserve's Loan Officer Opinion Survey, we construct a new credit supply indicator: changes in lending standards, adjusted for the macroeconomic and bank-specific factors that also affect loan demand. Tightening shocks to this credit supply indicator lead to a substantial decline in output and the capacity of businesses and households to borrow from banks, as well as to a widening of credit spreads and an easing of monetary policy.
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Citations
Cites
Agency Costs, Net Worth, And Business Fluctuations
Bernanke, B., Gertler, M., Bernanke, B., & Gertler, M. (1988) · Unknown · doi:10.22004/ag.econ.292693 · Cited by 4,386
The financial accelerator, and the flight to quality
Bernanke, B., Gertler, M., & Gilchrist, S. (1996) · The Review of Economics and Statistics · doi:10.2307/2109844 · Cited by 2,351
Credit spreads and business cycle fluctuations
Gilchrist, S., & Zakrajšek, E. (2012) · American Economic Review · doi:10.1257/aer.102.4.1692 · Cited by 2,213
Self-citationCredit, Money, and Aggregate Demand
Bernanke, B., & Blinder, A. (1988) · doi:10.3386/w2534 · Cited by 1,436
Cited by
Bordo, M. D., Duca, J. V., & Koch, C. (2016) · Journal of Financial Stability · doi:10.1016/j.jfs.2016.07.002 · Cited by 579
Financing constraints and unemployment: Evidence from the Great Recession
Duygan-Bump, B., Levkov, A., & Montoriol-Garriga, J. (2015) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2014.12.011 · Cited by 296
Metadata
- Authors
- Bassett, W. F., Chosak, M. B., Driscoll, J. C., & Zakrajšek, E.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 2014-03
- Volume
- 62
- Pages
- 23-40
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W2001086269
- Cited by
- 382
- References
- 4
- FWCI
- 71.97
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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