Plausibly Exogenous [923] - Japanese Shock (08/09/2022)
LHS Variable
Real economy activity
RHS Variable
Loan supply
Source of Exogenous Variation
Downward pressure Declines in Japanese equity and commercial real estate prices as a source of shock to U.S. credit markets
- Peek and Rosengren (2000), “Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States”