transmission of credit supply shock in a two-sector New Keynesian model with a collateral constraints. In the vector autoregression … (VAR) analysis, durable goods and nondurable goods comove in response to a credit supply shock. However, in a two … increase in response to a negative credit supply shock(LTV ratio tightening). Therefore, the comovement problem in two …

for improving financial decision-making of credit constrained consumers …

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