The real effects of disrupted credit: Evidence from the global financial crisis
Economists both failed to predict the global financial crisis and underestimated its consequences for the broader economy. Focusing on the second of these failures, this paper makes two contributions. First, I review research since the crisis on the role of credit factors in the decisions of househo...
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| Format: | Article |
| Language: | English |
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Brookings Institution Press
2018
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| Online Access: | View Fulltext in Publisher |