Green, Georgina; Bridges, Jonathan; Joy, Mark - 2022
between inequality, credit and downturns are particularly significant for recessions associated with financial crises. We also … inequality rises following recessions and that rapidcredit growth in the run up to a downturn exacerbates that effect. A one … standard deviation credit boom leads to a 40% amplification of the distributional fallout in the bust that follows. These links …