What type of study is this?

This is a Quantitative Study study.

Quantifying the Macroeconomic Impact of Credit Expansions

View Full Paper

Ask AI

Bookmark

Authors

Analysis quantifies roles of households and firms in output and employment growth post deregulation, suggesting significant macroeconomic effects.

Firms' responses to credit expansions account for most of the long-run rise in output and employment.
Short-run dynamics show that both firms and households contribute equally to economic stimulus.
Lower borrowing costs from bank deregulation resulted in gradual economic activity increases.
The study employs a heterogeneous-agent New Keynesian model to analyze the effects of credit expansions.

Boar et al. (2025) studied this question.

View Full Paper

Ask AI

Bookmark

Analysis quantifies roles of households and firms in output and employment growth post deregulation, suggesting significant macroeconomic effects.