The impact of financial shocks strongly depends on household...

banquedefranceBanque de France125325490319710208004/23/2020 - 11:30The impact of financial shocks strongly depends on households’ financial vulnerability. When vulnerability is high, housing shocks are amplified and long-lasting, while initially expansionary credit shocks turn recessionary on the medium term. #BdFeco WP https://t.co/sX627ZmhKI