Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/202921 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Working Papers No. 18-5
Verlag: 
Federal Reserve Bank of Boston, Boston, MA
Zusammenfassung: 
Focusing on localized measures of bank health and economic activity, and renters as well as homeowners, this paper uses an innovative approach to identifying households likely in need of credit to investigate the effect on household spending of a deterioration in local-bank health. The analysis shows that local-bank health tends to impact the expenditures of renters more than homeowners, with the strongest effects for households that likely need credit - those experiencing a negative income shock and having limited liquid wealth. These findings contribute to the discussion of the linkages between the financial sector and real economic activity.
Schlagwörter: 
consumption
local-bank health
credit constraints
JEL: 
E21
G21
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
814.43 kB





Publikationen in EconStor sind urheberrechtlich geschützt.