Author(s): Costa Filho, Adonias Evaristo da
Date: 2019
Origin: Oasisbr
Subject(s): Credit supply; Spread; BVAR; Sign restrictions; C32; E51; G01; Credit supply; Spread; BVAR; Sign restrictions; C32; E51; G01; Credit supply; Credit supply; Spread; Spread; BVAR; BVAR; Sign restrictions; Sign restrictions; C32; C32; E51; E51; G01; G01; Credit supply; Credit supply; Spread; Spread; BVAR; BVAR; Sign restrictions; Sign restrictions; C32; C32; E51; E51; G01; G01
This paper studies the role of credit supply shocks in Brazil, throughBayesian Vector Autoregressions (BVARs) with sign restrictions. It isfound that credit supply shocks, either standalone or associated withthe bank lending channel of monetary policy, lead to relatively mildeects on output growth. Despite the credit deepening observed inthe last decade, credit shocks were not prominent drivers of businesscycles in Brazil.
This paper studies the role of credit supply shocks in Brazil, throughBayesian Vector Autoregressions (BVARs) with sign restrictions. It isfound that credit supply shocks, either standalone or associated withthe bank lending channel of monetary policy, lead to relatively mildeects on output growth. Despite the credit deepening observed inthe last decade, credit shocks were not prominent drivers of businesscycles in Brazil.
