The credit crunch and fall in employment during the Great Recession

DOI10.1016/J.JEDC.2014.03.013MaRDI QIDQ1994544zbMATH OpenOpenAlexFDO

Authors Samuel Haltenhof, Seung Jung Lee, Viktors Stebunovs

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.federalreserve.gov/pubs/feds/2014/201406/201406pap.pdf

zbMATH Keywords

credit crunchbank creditgreat recessionjob lossessenior loan officer opinion survey

Mathematics Subject Classification ID

Classification and discrimination; cluster analysis (statistical aspects) (62H30) Applications of statistics to economics (62P20) Statistical methods; economic indices and measures (91B82) Economic growth models (91B62) Stochastic models in economics (91B70)

Recommendations

• The Impact of Consumer Credit Access on Unemployment
• The credit-output relationship during the recovery from recession
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Cites work

• Robust inference with multiway clustering

Cited in

(9)

• Financial frictions, the housing market, and unemployment
• The role of financial intermediaries in monetary policy transmission
• Revisiting the behavior of small and large firms during the 2008 financial crisis
• The credit-output relationship during the recovery from recession
• TFP during a credit crunch
• What explains the 2007-2009 drop in employment?
• How credit constraints impact job finding rates, sorting, and aggregate output
• Job displacement and financial outcomes
• Measuring the equilibrium impacts of credit: evidence from the Indian microfinance crisis

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