Park, Donghyun; Shin, Kwanho; Tian, Shu - 2018
Verner (2017) that separately examine the effects of two types of private debt, i.e., household debt and corporate debt, on … than household debt buildups. Further, corporate debt-induced financial recessions inflict a bigger damage on output than … household debt-induced financial recessions in EMEs. Overall, our evidence suggests that policy makers would do well to closely …