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Discussion Paper
Measuring Bank Credit Supply Shocks Using the Senior Loan Officer Survey
Estimating the effects that bank credit supply has on macroeconomic activity has long been an area of active research. A key challenge in pursuing this goal is the ability to measure such shocks to banks' supply of credit separately from shocks to borrowers' demand for credit.
Discussion Paper
Measuring Shocks to Banks’ Expectations for Lending Standards Using the Senior Loan Officer Opinion Survey
Relatively little is known about how banks form their expectations about future credit supply, with a nascent stream of work documenting the role of past experiences in shaping banks' expectations for macroeconomic and credit performance and, in turn, their credit supply decisions (Ma et al., 2022; Falato and Xiao, 2024).