Exploring the trade-off between leaning against credit and stabilizing economic activity

被引：0
|
作者：
Benati, Luca [1 ,2 ]
机构：
[1] Univ Bern, Bern, Switzerland
[2] Univ Bern, Dept Econ, Schanzeneckstr 1, CH-3001 Bern, Switzerland
来源：
ECONOMICS LETTERS | 2023年 / 223卷
关键词：
Credit; Structural VARs; Sign restrictions; Zero restrictions; Lucas critique; POLICY;
D O I：
10.1016/j.econlet.2023.110994
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Evidence from monetary VARs points towards an unfavorable trade-off between leaning against credit fluctuations and stabilizing real economic activity. Results are robust both across countries, and based on two alternative approaches. (c) 2023 Elsevier B.V. All rights reserved.
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页数：5
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