Key points are not available for this paper at this time.
THE CONJECTURE that "credit rationing" plays an important role in decisions to purchase or consume recurs frequently in discussions of monetary policy, banking markets and consumption or investment decisions. Repetition of the phrase "cost and availability of credit" in official statements strengthens the impression that cost and "availability" have separable and independent effects on decisions to consume or invest. A large literature develops this theme
Allan H. Meltzer (Sat,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: