Bank lending and personal income in the Great Recession

  • Simon Wehrmüller
  • Published 2014

Abstract

This article investigates the effect of bank lending on local income. It suggests a new way to identify an exogenous shock to the credit supply of a United States core based statistical area. I create a measure of credit supply using fluctuations in a bank holding company’s total corporate and industrial lending together with the number of branches a bank… (More)

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Cite this paper

@inproceedings{Wehrmller2014BankLA, title={Bank lending and personal income in the Great Recession}, author={Simon Wehrm{\"u}ller}, year={2014} }