| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27214 |
| 来源ID | Working Paper 27214 |
| Cyclical Lending Standards: A Structural Analysis | |
| Kaiji Chen; Patrick C. Higgins; Tao Zha | |
| 发表日期 | 2020-05-25 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Lending standards are a direct measure of credit conditions. We use the micro data merged from three separate sources to construct this measure and document that an uncertain macroeconomic outlook, rather than banks' balance sheet positions, was an important reason that a majority of banks tightened bank lending standards during the Great Recession. Our extensive data analysis disciplines how we introduce credit frictions in the banking sector into a macroeconomic model. The model estimation reveals that an exogenous shock to credit supply drives cyclical lending standards and accounts for a significant portion of fluctuations in bank loans and aggregate output. |
| 主题 | Econometrics ; Estimation Methods ; Data Collection ; Macroeconomics ; Business Cycles ; Money and Interest Rates ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w27214 |
| 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/584886 |
| 推荐引用方式 GB/T 7714 | Kaiji Chen,Patrick C. Higgins,Tao Zha. Cyclical Lending Standards: A Structural Analysis. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27214.pdf（1295KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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