CREDIT SUPPLY SHOCKS AND ECONOMIC ACTIVITY IN BRAZIL

Authors

  • Adonias Evaristo da Costa Filho STN and IDP

    DOI:

    https://doi.org/10.22456/2176-5456.73529

    Keywords:

    Credit supply, Spread, BVAR, Sign restrictions

    Abstract

    This 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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    Author Biography

    Adonias Evaristo da Costa Filho, STN and IDP

    Doctor in Economics – University of Brasília (UnB). Affiliations: STN and IDP

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    Published

    2019-08-05

    How to Cite

    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

    Issue

    Vol. 37 No. 73 (2019): Junho/2019

    Section

    Artigos

    License

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