employ global public and private credit components of Herwartz, Ochsner, and Rohloff (2021) in factor-augmented vector …-autoregressions to trace credit shocks through the real economy (output, inflation and unemployment). Specifically, two components of … global credit boost the business cycle and lower unemployment in the short-run, namely government credit demand and business …

This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit …--on average, they occur every five years. By comparison, banking crises take place every eight years on average. Credit reversals …

Acknowledgments -- Introduction -- Creditworthiness and credit risks -- Between promise and peril : credit and debt at … field experience in Mexico, 1930s-1940s / Nicole Mottier -- Consumer credit as a civil right in America, 1968-1976 / Enrico …