Quantifying the Effect of Financial Conditions on US Activity: = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis
This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of over...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2008
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.635 |
| Schlagworte: | |
| Online-Zugang: | DE-862 DE-863 |
| Zusammenfassung: | This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of overall financial conditions includes interest rate spreads for riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the tightening in financial conditions. Indeed, recent data suggest that the trend deterioration in overall financial conditions has continued into the second half of 2008. The effect of the tightening in overall financial conditions already experienced may subtract 1¾ per cent from GDP over the next four to six quarters. Not only have financial conditions continued to worsen, but much of the impact on the real economy has yet to be felt. |
| Beschreibung: | 1 Online-Ressource (19 Seiten) 21 x 29.7cm. |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061321885 | ||
| 003 | DE-627-1 | ||
| 005 | 20241028114435.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2008 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/236860073636 |2 doi | |
| 035 | |a (DE-627-1)061321885 | ||
| 035 | |a (DE-599)KEP061321885 | ||
| 035 | |a (FR-PaOEC)236860073636 | ||
| 035 | |a (DE-627-1)061321885 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a E51 |2 jelc | ||
| 084 | |a E32 |2 jelc | ||
| 084 | |a E47 |2 jelc | ||
| 084 | |a E44 |2 jelc | ||
| 100 | 1 | |a Guichard, Stéphanie |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Quantifying the Effect of Financial Conditions on US Activity |b = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |c Stéphanie, Guichard and David, Turner |
| 246 | 3 | 1 | |a Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| 264 | 1 | |a Paris |b OECD Publishing |c 2008 | |
| 300 | |a 1 Online-Ressource (19 Seiten) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.635 | |
| 520 | |a This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of overall financial conditions includes interest rate spreads for riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the tightening in financial conditions. Indeed, recent data suggest that the trend deterioration in overall financial conditions has continued into the second half of 2008. The effect of the tightening in overall financial conditions already experienced may subtract 1¾ per cent from GDP over the next four to six quarters. Not only have financial conditions continued to worsen, but much of the impact on the real economy has yet to be felt. | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Turner, David |e MitwirkendeR |4 ctb | |
| 966 | 4 | 0 | |l DE-862 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/236860073636 |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 966 | 4 | 0 | |l DE-863 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/236860073636 |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-ebook | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-862 | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061321885 |
|---|---|
| _version_ | 1826942519519215616 |
| adam_text | |
| any_adam_object | |
| author | Guichard, Stéphanie |
| author2 | Turner, David |
| author2_role | ctb |
| author2_variant | d t dt |
| author_facet | Guichard, Stéphanie Turner, David |
| author_role | aut |
| author_sort | Guichard, Stéphanie |
| author_variant | s g sg |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-ebook |
| ctrlnum | (DE-627-1)061321885 (DE-599)KEP061321885 (FR-PaOEC)236860073636 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02422cam a22004212 4500</leader><controlfield tag="001">ZDB-13-SOC-061321885</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20241028114435.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2008 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/236860073636</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061321885</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061321885</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)236860073636</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061321885</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E51</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E32</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E47</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E44</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Guichard, Stéphanie</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Quantifying the Effect of Financial Conditions on US Activity</subfield><subfield code="b"> = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis</subfield><subfield code="c">Stéphanie, Guichard and David, Turner</subfield></datafield><datafield tag="246" ind1="3" ind2="1"><subfield code="a">Une mesure de l'impact des conditions financières sur l'activité aux États-Unis</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (19 Seiten)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield><subfield code="v">no.635</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of overall financial conditions includes interest rate spreads for riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the tightening in financial conditions. Indeed, recent data suggest that the trend deterioration in overall financial conditions has continued into the second half of 2008. The effect of the tightening in overall financial conditions already experienced may subtract 1¾ per cent from GDP over the next four to six quarters. Not only have financial conditions continued to worsen, but much of the impact on the real economy has yet to be felt.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Turner, David</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-862</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/236860073636</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-863</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/236860073636</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-ebook</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-862</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061321885 |
| illustrated | Not Illustrated |
| indexdate | 2025-03-18T14:29:18Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (19 Seiten) 21 x 29.7cm. |
| psigel | ZDB-13-SOC FWS_PDA_SOC ZDB-13-SOC ZDB-13-SOC-ebook |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Guichard, Stéphanie VerfasserIn aut Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Stéphanie, Guichard and David, Turner Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Paris OECD Publishing 2008 1 Online-Ressource (19 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.635 This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of overall financial conditions includes interest rate spreads for riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the tightening in financial conditions. Indeed, recent data suggest that the trend deterioration in overall financial conditions has continued into the second half of 2008. The effect of the tightening in overall financial conditions already experienced may subtract 1¾ per cent from GDP over the next four to six quarters. Not only have financial conditions continued to worsen, but much of the impact on the real economy has yet to be felt. Economics Turner, David MitwirkendeR ctb |
| spellingShingle | Guichard, Stéphanie Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Economics |
| title | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| title_alt | Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| title_auth | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| title_exact_search | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| title_full | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Stéphanie, Guichard and David, Turner |
| title_fullStr | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Stéphanie, Guichard and David, Turner |
| title_full_unstemmed | Quantifying the Effect of Financial Conditions on US Activity = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis Stéphanie, Guichard and David, Turner |
| title_short | Quantifying the Effect of Financial Conditions on US Activity |
| title_sort | quantifying the effect of financial conditions on us activity une mesure de l impact des conditions financieres sur l activite aux etats unis |
| title_sub | = Une mesure de l'impact des conditions financières sur l'activité aux États-Unis |
| topic | Economics |
| topic_facet | Economics |
| work_keys_str_mv | AT guichardstephanie quantifyingtheeffectoffinancialconditionsonusactivityunemesuredelimpactdesconditionsfinancieressurlactiviteauxetatsunis AT turnerdavid quantifyingtheeffectoffinancialconditionsonusactivityunemesuredelimpactdesconditionsfinancieressurlactiviteauxetatsunis AT guichardstephanie unemesuredelimpactdesconditionsfinancieressurlactiviteauxetatsunis AT turnerdavid unemesuredelimpactdesconditionsfinancieressurlactiviteauxetatsunis |