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Business Cycles and Financial Crises: The Roles of Credit Supply and Demand Shocks

By James M. Nason, Ellis W. Tallman, James M. Nason, Ellis W. Tallman, Reached At, Benjoit Mojon, Rafael Repullo, Hugh Rockoff, Richard Sylla and James Thompson


w o r k i n

Topics: Key Words, inside money, credit shock, Bayesian vector autoregression, Markov-switching, stochastic volatility. James M. Nason is at the Federal Reserve Bank of Philadelphia, and he can be reached at jim
Year: 2013
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