This research examines the relationships between credit, capital allocation, and economic performance.

Using newly-created data on capital allocation, this research investigates the how credit and saving affect the allocation of capital differently. It finds that credit directs more capital towards housing assets, when it is productive assets that are more strongly associated with economic performance. This finding carries significant implications for the design and conduct of prudential and monetary policy.

Speaker: Charles Brukner

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In-person and online

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Miller Theatre, Old Canberra House, 132 Lennox Crossing, Acton 2602 ACT and online Zoom

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