CREDIT SUPPLY SHOCKS AND ECONOMIC ACTIVITY IN BRAZIL
Palavras-chave:Credit supply, Spread, BVAR, Sign restrictions
ResumoThis paper studies the role of credit supply shocks in Brazil, through
Bayesian Vector Autoregressions (BVARs) with sign restrictions. It is
found that credit supply shocks, either standalone or associated with
the bank lending channel of monetary policy, lead to relatively mild
eects on output growth. Despite the credit deepening observed in
the last decade, credit shocks were not prominent drivers of business
cycles in Brazil.
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Costa Filho, A. E. da. (2019). CREDIT SUPPLY SHOCKS AND ECONOMIC ACTIVITY IN BRAZIL. Análise Econômica, 37(73). https://doi.org/10.22456/2176-5456.73529