Plausibly Exogenous [1457] - Credit Market Shocks (01/27/2024)
LHS Variable
Small firm and overall employment
RHS Variable
Small business loan originations
Source of Exogenous Variation
Variation in preexisting bank market shares and bank supply shifts
- Greenstone, Mas, and Nguyen (2020), “Do credit market shocks affect the real economy? Quasi-experimental evidence from the great recession and “normal” economic times”