Do rising top incomes fuel credit expansion?
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DOI: 10.1016/j.econlet.2020.109539
Abstract: This paper provides an empirical assessment of the effect of income inequality on credit dynamics in 12 advanced economies over the period 1948–2015. We use foreign Communist influence as an instrument to identify exogenous variation… read more here.
Keywords: top incomes; credit; incomes fuel; rising top ... See more keywords
Credit expansion in a monetary policy game: Implications of the valuation haircut framework
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DOI: 10.1016/j.frl.2018.04.012
Abstract: Abstract In this study, we build on the traditional monetary policy game framework of institutional design to formalize the linkage among credit expansion, inflation expectations, and inflation. We show that the optimal monetary response of… read more here.
Keywords: policy game; credit expansion; monetary policy; central bank ... See more keywords
Credit expansion and socio-economic heterogeneity of debtors in foreclosure: the case of Sweden 2000–2014
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DOI: 10.1080/02673037.2020.1793914
Abstract: Credit expansion is the trend of households gaining access to more credit. It is correlated with increasing socio-economic heterogeneity of indebted homeowners. Increasing heterogeneity implies tha... read more here.
Keywords: economic heterogeneity; credit; heterogeneity; credit expansion ... See more keywords