Plausibly Exogenous [697] - Search Frictions (12/16/2021)

LHS Variable
Loan size and final goods consumption

RHS Variable
Cost of search

Source of Exogenous Variation
Variation in interest rates due to institution-specific pricing rules that price risk with step functions

- Argyle, Nadauld, and Palmer (2020), “Real Effects of Search Frictions in Consumer Credit Markets”