Add to ORKGEconomists debate how important credit availability is to sustaining real economic growth. Episodes of financial instability and tight credit create a “credit crunch.” This paper investigates the effects of a credit crunch on employment in broad sectors of the U.S. economy. Monthly employment data is used to compare changes in employment by sector during recessions associated with a credit crunch and recessions not associated with a credit crunch. The results suggest that there is not a significant difference in how employment is affected in these broad sectors. The evidence supports the idea of a financial business cycle
The recent recession was associated not only with a marked disruption in the credit market, but also...
The Great Recession has renewed interest in the real effects of credit supply shocks. In this paper ...
ACCORDING TO many popular accounts, the severity of the recession that began in July 1990 was worsen...
Economists debate how important credit availability is to sustaining real economic growth. Episodes ...
Economists debate how important credit availability is to sustaining real economic growth. Episodes ...
Unemployed households ’ access to unsecured revolving credit (credit cards) nearly quadrupled from a...
The Great Recession has drawn attention to the importance of macro-financial linkages. In this paper...
The creation and destruction margins of employment (job flows) can be used to measure the employment...
The creation and destruction margins of employment (job flows) can be used to measure the employment...
After the global financial crisis, several central banks introduced unconventional monetary policies...
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and h...
The Great Recession was the most severe recession experienced by the U.S. since the Great Depression...
We analyze the heterogeneous employment effects of financial shocks using a rich data set of job con...
In a seminal paper, Davis and Haltiwanger (1990) demonstrate that recessions are associated with an ...
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and h...
The recent recession was associated not only with a marked disruption in the credit market, but also...
The Great Recession has renewed interest in the real effects of credit supply shocks. In this paper ...
ACCORDING TO many popular accounts, the severity of the recession that began in July 1990 was worsen...
Economists debate how important credit availability is to sustaining real economic growth. Episodes ...
Economists debate how important credit availability is to sustaining real economic growth. Episodes ...
Unemployed households ’ access to unsecured revolving credit (credit cards) nearly quadrupled from a...
The Great Recession has drawn attention to the importance of macro-financial linkages. In this paper...
The creation and destruction margins of employment (job flows) can be used to measure the employment...
The creation and destruction margins of employment (job flows) can be used to measure the employment...
After the global financial crisis, several central banks introduced unconventional monetary policies...
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and h...
The Great Recession was the most severe recession experienced by the U.S. since the Great Depression...
We analyze the heterogeneous employment effects of financial shocks using a rich data set of job con...
In a seminal paper, Davis and Haltiwanger (1990) demonstrate that recessions are associated with an ...
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and h...
The recent recession was associated not only with a marked disruption in the credit market, but also...
The Great Recession has renewed interest in the real effects of credit supply shocks. In this paper ...
ACCORDING TO many popular accounts, the severity of the recession that began in July 1990 was worsen...