When Credit Bites Back
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Cites background from "When Credit Bites Back"
...The Jordà, Schularick, and Taylor (2013) path is for real GDP per capita, extended to a 6-year horizon, adjusted by +0.65% per year given the UK rate of population growth....
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293 citations
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References
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"When Credit Bites Back" refers background in this paper
...…The data support the idea that financial factors play an important role in the modern business cycle, as exemplified in the work of Fisher (1933), Minsky (1986), Bernanke and Gertler (1990)—or, more recently, Battacharya et al. (2011), Adrian and Shin (2012), Eggertsson and Krugman (2012), or…...
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"When Credit Bites Back" refers background in this paper
...Our event classification for the 1870–1960 period follows the same definition of “systemic” banking crisis in Laeven and Valencia (2008) for the post-1960 period, maintaining consistency with contemporary approaches....
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1,451 citations