Article ID Journal Published Year Pages File Type
965527 Journal of Macroeconomics 2012 12 Pages PDF
Abstract
► This research examines the role of credit in the investment decision. ► Direct survey evidence on banks' willingness to lend measures credit availability. ► Credit is the key driver of cyclical fluctuations in corporate investment. ► Results have implications for monetary policy and business cycle research.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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