Discussion Paper
Measuring Shocks to Banks’ Expectations for Lending Standards Using the Senior Loan Officer Opinion Survey
Baylor, Solveig; Keane, Jack; Morgan, Luke; Zlate, Andrei (2026-02-23)
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).
FEDS Notes , Paper 2026-02-23