Search Results

Showing results 1 to 1 of approximately 1.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:aggregate markup 

Journal Article
Credit Expansion and Markups

This article documents new empirical facts about the effects of credit expansion on the aggregate markup and markup dispersion in the United States. We use U.S. macroeconomic data and Jordà's local projection and single-equation estimation methods. The results for both methods show that the aggregate markup and markup dispersion increase in response to both a firm debt shock and a household debt shock. The previous literature mostly focused on the effect of firm debt financing on firm markups. Extending previous research, our study shows that household credit expansion also plays a role in ...
Review , Volume 104 , Issue 4 , Pages 297-316

FILTER BY Bank

FILTER BY Series

Review 1 items

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

E31 1 items

E51 1 items

L11 1 items

FILTER BY Keywords

PREVIOUS / NEXT