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Prices want to fall but borrowers won’t let them – The credit crisis of 2007-08 then tipped this trend towards lower inflation into potential outright deflation by crushing global demand. Demand has not fully recovered, especially in Europe but also.
Credit Rationing, Macro Volatility, and Industrial. – Credit Rationing, Macro Volatility, and Industrial Evolution in Developing Countries Eric Bond vanderbilt university james Tybout Pennsylvania State University and NBER Hâle Utar University of Colorado, Boulder june 2008 abstract relative to their counterparts in high-income regions, entrepreneurs in developing countries face
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Are electrons conscious? – For most of the twentieth century a “brain-first” approach dominated the philosophy of consciousness. The idea was that the brain is the thing we really understand, through neuroscience, and the task.
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Macro stress testing of credit risk focused on the tails. – Macro stress testing of credit risk focused on the tails. Eq. (2) is the macro-credit risk link, that relates the (transformed) real-valued credit risk indicator y t contemporaneously to the macro vector z t, besides potentially also to lags of the macros and auto-regressive terms. The macro variables follow a kind of vector autoregressive.