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...

Full description

Bibliographic Details
Main Author: Bernanke, B.S (Author)
Format: Article
Language:English
Published: Brookings Institution Press 2018
Online Access:View Fulltext in Publisher