Credit and Economic Activity: Credit Regimes and Nonlinear Propagation of Shocks

By Nathan S. Balke. Review of Economics and Statistics, 2000

374 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a4568a22d5f987842704ab5421a2028bad008d75

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Citations in the corpus

State-dependent effects of fiscal policy (2014, neutral): “The second mode coincided with time periods identified from the literature on asymmetric effects of monetary policy (see, for example, Balke 2000, or Lo and Piger 2005).”
The Role of Financial Variables in Predicting Economic Activity (2009, positive): “The success obtained by financial prices in fitting recessionary periods in out-of-sample experiments both in the United States and in main economic areas (see Fornari and Mele, 2009, and Fornari and Lemke, 2009) as well as results based on threshold VAR models (Balke, 2000) lead some support to thi”
Successful Austerity in the United States, Europe and Japan (2012, positive): “ECONOMETRIC METHODOLOGY The methodology that we use is an adaptation of the approach proposed by Balke (2000).”
The bank lending channel in Turkey: has it changed after the low-inflation regime? (2012, positive): “In order to examine credit channel in a nonlinear framework, we consider the following TVAR model (Balke, 2000): Yt ¼ I½ct d A10 þ Xp i¼1 B1i Yt i þ Xq i¼1 C1i Xt i ! þ I½ct d< A20 þ Xp i¼1 B2i Yt i þ Xq i¼1 C2i Xt iÞ ! þ ut ð3Þ where Yt and Xt are previously defined vector of endogenous and…”
Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses (2006, result): “This result may be seen complementary to the approaches of Atanasova (2003) and Balke (2000) , which explore the asymmetric efiects of monetary policy shocks for the U.S.”
Threshold autoregression in economics (2011, methodology): “Balke [6] uses a TVAR model for output growth, in-”
Fiscal developments and financial stress: a threshold VAR analysis (2017, positive): “These considerations were confirmed in empirical studies that have addressed the relevance of financial instability on propagation of monetary policy shocks, such as Balke (2000), Atanasova (2003), Li and St-Amant (2010) and Berkelmans (2005).”
The Impact of Fiscal Policy on Economic Activity Over the Business Cycle - Evidence from a Threshold VAR Analysis (2011, methodology): “21GIRF were applied in several empirical applications, for example in Balke (2000), Atanasova (2003), Root and Lien (2003), Jääskelä (2007) A detailed description of GIRF for the univariate case can also be found in Potter (2000).”
THRESHOLDS AND SMOOTH TRANSITIONS IN VECTOR AUTOREGRESSIVE MODELS (2013, methodology): “Balke and Fomby (1997) introduced this extension to allow discontinuous changes in the attraction towards the equilibrium characterised by the cointegrating relationships.”
Generalized Forecast Error Variance Decomposition for Linear and Nonlinear Multivariate Models (2014, positive): “For example, Weise (1999) and Balke (2000) impose recursive restrictions when examining asymmetric e ects of monetary policy and the relationship between credit and economic activity, respectively, while Caggiano et al.”
Financial regimes and uncertainty shocks (2019, background): “A number of authors have documented the empirical relevance of this mechanism by showing that credit conditions can significantly alter the transmission of both real and financial shocks (McCallum, 1991; Balke, 2000; Guerrieri and Iacoviello, 2013).”
Fiscal Multipliers and the State of the Economy (2012, positive): “Our paper conducts a nonlinear time-series analysis for six G7 countries, applying a threshold methodology that closely follows Baum and Koester (2011). The threshold value is determined endogenously, allowing the data to find the value of the output gap that maximizes the fit of the model in both r”