Federal Reserve Bank of Cleveland
Stock prices and output growth: an examination of the credit channel
When stock market values fall, we know that investors expect lower economic growth in the future. But can stock market declines actually affect future growth? There is some evidence that they can-through the credit channel.
Cite this item
Charles T. Carlstrom & Timothy S. Fuerst & Vasso P. Ioannidou, "Stock prices and output growth: an examination of the credit channel"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Aug, 2002.
Keywords: Stock - Prices
This item with handle RePEc:fip:fedcec:y:2002:i:aug15
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