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This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
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Quantitative characteristics of epic recession -- Qualitative characteristics of epic recession -- The dynamics of epic recession -- U.S. depressions in the nineteenth century -- 'Type I' epic recession : 1907-1914 -- 'Type II' epic recession : 1929-1931 -- The epic recession of 2007-2010 -- The...
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