全球智库信息集成服务系统(G2TT): Finance and Business Cycles: The Credit-Driven Household Demand Channel

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24322
来源ID	Working Paper 24322
	Finance and Business Cycles: The Credit-Driven Household Demand Channel
	Atif R. Mian; Amir Sufi
发表日期	2018-02-19
出版年	2018
语种	英语
摘要	Every major financial crisis leaves its unique footprint on economic thought. The early banking crises taught us the importance of financial sector liquidity and the lender of last resort. The Great Depression highlighted the devastating effects of bank failures and the need for counter-cyclical fiscal and monetary policy. The Great Recession has brought to the surface the importance of credit-driven business cycles that operate through household demand. We discuss empirical evidence accumulated over the last decade supporting this view, and we also describe accompanying theoretical work that helps define these concepts.
主题	Macroeconomics ; Business Cycles ; Monetary Policy ; Financial Economics ; Financial Institutions ; Regional and Urban Economics
URL	https://www.nber.org/papers/w24322
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581995
推荐引用方式 GB/T 7714	Atif R. Mian,Amir Sufi. Finance and Business Cycles: The Credit-Driven Household Demand Channel. 2018.