* Gert Wehinger is a senior economist in the Financial Affairs Division of the OECD
Directorate for Financial and Enterprise Affairs. This article is an abbreviated and revised …

The COVID-19 pandemic has caused an economic crisis in advanced economies greater
than the 2008 economic crisis, as the latest Organisation for Economic Co-operation and …

Using an original panel data set for 24 OECD countries over the sample 1990–2019 and a
multivariate empirical macroeconomic framework for business cycle analysis, the paper tests …

The recent financial crisis has stimulated theoretical and empirical research on the
propagation mechanisms underlying business cycles, in particular on the role of financial …

Current empirical methods to identify and assess the impact of bank credit supply shocks
rely strictly on multi-bank firms and ignore firms borrowing from only one bank. Yet, these …

This study extends the research of Bordo, Duca, and Koch (2016) and Hu and Gong (2018)
by examining the influences of economic policy uncertainty (EPU) at domestic and global …

Using a unique dataset of the Euro-area and the US bank lending standards, we find that
low (monetary policy) short-term interest rates soften standards for household and corporate …

This paper investigates the relationship between short-term interest rates and bank risk.
Using a unique database that includes quarterly balance sheet information for listed banks …

This work studies the relations between income distribution and monetary/fiscal policies
using an credit-augmented version of the agent-based Keynesian model in Dosi et …

The effect of bank capital on lending is a critical determinant of the linkage between financial
conditions and real activity, and has received especial attention in the recent financial crisis …