Balke Nathan S.; Zheng, Zeng - In: The B.E. Journal of Macroeconomics 13 (2013) 1, pp. 38-38
In this paper, we attempt to identify the separate contributions of credit demand, supply of financial intermediation, and supply of funds to fluctuations in indicators of credit conditions and to fluctuations in economic activity. We estimate a common factor model in which the six factors...