and informal borrowing and the proportion of formal debt under different credit constraints. Data from the 2018 China … structure vary with the level of credit constraints, underscoring the complexity of household financial behaviors in China …Household debt is a critical component of family financial management, especially considering the prevalence of credit …

This paper studies the role of credit constraints in accounting for the dynamics of firm exit during the Great … Recession. We present novel firm-level evidence on the role of credit constraints on exit behavior during the Great Recession …

This paper shows that firm credit constraints impair climate policy. Empirically, firms with tighter credit constraints … incorporate this channel into a quantitative DSGE model with endogenous credit constraints and carbon taxes. Credit frictions … endogenous credit constraints than in an economy without such frictions. …