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    • On the Direct and Indirect Real Effects of Credit Supply Shocks 

      Alfaro, Laura; García-Santana, Manuel; Moral-Benito, Enrique (Elsevier BV, 2021-03)
      We explore the real effects of bank-lending shocks and how they permeate the economy through buyer-supplier linkages. We combine administrative data on all Spanish firms with a matched bank-firm-loan dataset of all corporate ...