Revisiting the asymmetric effects of bank credit on the business cycle: A panel quantile regression approach

2019 ◽  
Vol 20 ◽  
pp. e00122 ◽  
Author(s):  
Wenjun Xue ◽  
Liwen Zhang
Keyword(s):  
Business Cycle ◽  
Quantile Regression ◽  
Bank Credit ◽  
Asymmetric Effects ◽  
Panel Quantile Regression ◽  
Regression Approach ◽  
The Business Cycle

Asymmetric effects of the business cycle on bank credit risk

2009 ◽  
Vol 33 (9) ◽  
pp. 1624-1635 ◽  
Author(s):  
Juri Marcucci ◽  
Mario Quagliariello
Keyword(s):  
Business Cycle ◽  
Credit Risk ◽  
Bank Credit ◽  
Asymmetric Effects ◽  
The Business Cycle

The Association Between Bank Credit Terms and Conditions and the Business Cycle in the Euro Area

2019 ◽  
Vol 65 (4) ◽  
pp. 247-256
Author(s):  
Dimitrios Anastasiou ◽  
Konstantinos Drakos
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Bank Loan ◽  
Bank Credit ◽  
Monetary Policies ◽  
Policy Makers ◽  
Long Run ◽  
Loan Terms ◽  
Short Run ◽  
The Business Cycle

Abstract We explored the trajectory of bank loan terms and conditions over the business cycle, where the latter was decomposed into its long-run (trend) and short-run (cyclical) components. We found that deterioration of each business cycle component leads to a significant tightening of credit terms and conditions. We found mixed results concerning the symmetry of impacts of the short and long run components. Symmetry was found between the terms and conditions on loans for small vs. large enterprises. Our findings provide very useful information to policy makers and should be taken into consideration when monetary policies are designed.

Different impacts of export and import on carbon emissions across 7 ASEAN countries: A panel quantile regression approach

2019 ◽  
Vol 686 ◽  
pp. 1019-1029 ◽  
Author(s):  
Muhammad Salman ◽  
Xingle Long ◽  
Lamini Dauda ◽  
Claudia Nyarko Mensah ◽  
Sulaman Muhammad
Keyword(s):  
Quantile Regression ◽  
Carbon Emissions ◽  
Panel Quantile Regression ◽  
Regression Approach ◽  
Asean Countries

The Impact of Fiscal Policy on Economic Activity over the Business Cycle: An Empirical Investigation in the Case of Algeria

2019 ◽  
Vol 15 (3) ◽  
Author(s):  
Abderrahim Chibi ◽  
Sidi Mohamed Chekouri ◽  
Mohamed Benbouziane
Keyword(s):  
Fiscal Policy ◽  
Business Cycle ◽  
Government Spending ◽  
Economic Recession ◽  
Policy Decision ◽  
Vector Autoregressive ◽  
Asymmetric Effects ◽  
The Business Cycle ◽  
The Right ◽  
The Impact

Abstract In this paper, we aim to analyze whether the effect of fiscal policy on economic growth in Algeria differs throughout the business cycle. To tackle this question, we use a Markov Switching Vector Autoregressive (MSVAR) framework. We find evidence of asymmetric effects of fiscal policy through regimes, defined by the state of the business cycle (recession and boom). The results show small positive government spending and revenue multipliers in the short term in both regimes. Most importantly, fiscal policy shocks have a stronger impact in times of economic recession than in times of expansion, which confirm the hypothesis of asymmetric effects. However, the impact of government spending is stronger than the impact of public revenue during recession periods. In addition, fiscal policy decision-makers interact with Anti-Keynesian view (pro-cyclical). Our results imply that there is something to gain by using the "right instrument" at the "right time".

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