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Credit conditions and economic growth: Recent evidence from US banks

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  • Mandel, Benjamin R.
  • Seydl, Joe

Abstract

What explains the slow recovery of US bank lending since the financial crisis? We apply a new technique to disentangle loan supply and demand shocks. Lackluster supply in recent years played a key role against the backdrop of recovering demand.

Suggested Citation

  • Mandel, Benjamin R. & Seydl, Joe, 2016. "Credit conditions and economic growth: Recent evidence from US banks," Economics Letters, Elsevier, vol. 147(C), pages 63-67.
    • Handle: RePEc:eee:ecolet:v:147:y:2016:i:c:p:63-67
    DOI: 10.1016/j.econlet.2016.08.017
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    References listed on IDEAS

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    1. Mary Amiti & David E. Weinstein, 2018. "How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 525-587.
    2. Mary Amiti & David E. Weinstein, 2013. "How much do bank shocks affect investment? Evidence from matched bank-firm loan data," Staff Reports 604, Federal Reserve Bank of New York.
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    Cited by:

    1. Md Nur Alam Siddik, 2021. "Does Financial Permeation Induce Economic Growth? Evidence from SAARC Countries," Global Business Review, International Management Institute, vol. 22(4), pages 893-905, August.
    2. Md. Nur Alam Siddik & Tanveer Ahsan & Sajal Kabiraj, 2019. "Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries," SAGE Open, , vol. 9(3), pages 21582440198, July.

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    More about this item

    Keywords

    Loan supply; Loan demand; Great recession;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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