to have a significant effect on economic activity and credit market variables, but to some extent also inflation, in all … annual real GDP growth during 2008 and 2009 in the Euro Area and the United States and possibly about three fourths of that … observed in the United Kingdom. Finally, the contribution of loan supply shocks to the decline in the annual growth rate of …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …

shows that the frequency of credit-less recoveries doubles after a banking or currency crisis. Second, results from …This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses …

We consider simple methods to improve the growth nowcasts and forecasts obtained by mixed frequency MIDAS and UMIDAS … models with a variety of indicators during the Covid-19 crisis and recovery period, such as combining forecasts across … similar to the nowcast and forecast errors made during the financial crisis and following recovery seems to produce the best …

of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks …

to activate macroprudential tools targeting excessive credit growth and leverage. To robustly select the key indicators … using credit to GDP gaps, credit to GDP ratios and credit growth rates, as well as real estate variables in addition to a …