Amiti, Mary; Weinstein, David - National Bureau of Economic Research (NBER) - 2013
methodology to separate firm-borrowing shocks from bank supply shocks using a vast sample of matched bank-firm lending data. We … decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of … role for granular shocks as in Gabaix (2011). As a result, bank supply shocks--i.e., movements in the supply of bank loans …