scholarly journals Decomposing the U.S. Great Depression: How important were loan supply shocks?

2021 ◽  
Vol 79 ◽  
pp. 101379
Author(s):  
Max Breitenlechner ◽  
Gabriel P. Mathy ◽  
Johann Scharler
Keyword(s):  
Great Depression ◽  
Supply Shocks ◽  
Loan Supply ◽  
The U.S

Credit supply shocks and the Great Depression in Germany

2020 ◽  
Author(s):  
Max Breitenlechner ◽  
Daniel Gründler ◽  
Gabriel P Mathy ◽  
Johann Scharler
Keyword(s):  
Great Depression ◽  
Aggregate Demand ◽  
Banking Crisis ◽  
Expansion Phase ◽  
Vector Autoregressive ◽  
Credit Supply ◽  
The Great Depression ◽  
Supply Shocks ◽  
Structural Vector Autoregressive Model ◽  
Structural Vector

Abstract At the peak of the Great Depression in mid-1931, Germany experienced a severe banking crisis. We study to what extent credit constraints contributed to the downturn by fitting a structural vector autoregressive model with data from January 1925 to September 1935. Adverse credit supply shocks contributed strongly to the downturn especially at the time of the 1931 banking crisis. Before that, credit supply shocks had also contributed to the expansion phase preceding the depression. We also find that aggregate demand and U.S. business cycle shocks were the primary drivers of the German Great Depression.

scholarly journals Loan supply shocks during the financial crisis: Evidence for the Euro area

2012 ◽  
Vol 31 (3) ◽  
pp. 569-592 ◽  
Author(s):  
Nikolay Hristov ◽  
Oliver Hülsewig ◽  
Timo Wollmershäuser
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Supply Shocks ◽  
Loan Supply

scholarly journals Loan Supply Shocks and the Business Cycle

2016 ◽  
Vol 32 (4) ◽  
pp. 764-782 ◽  
Author(s):  
Luca Gambetti ◽  
Alberto Musso
Keyword(s):  
Business Cycle ◽  
Supply Shocks ◽  
Loan Supply ◽  
The Business Cycle
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