We analyse the forecasting power of different monetary aggregates and credit variables for US GDP. Special attention is …-variable single-equation framework with real GDP, an interest rate spread and a monetary or credit variable, in forecasting horizons …. In a second step, we use the selected monetary and credit variables within different VAR models, and compare their …

uncollateralized credit. We find that this kind of policy is more successful in suppressing equity price swings than moderating output …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on …

borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …