We provide evidence on the effect of the slope of the yield curve on economic activity
through bank lending. Using detailed data on banks' lending activities coupled with term …

Estimating the effects that bank credit supply has on macroeconomic activity has long been
an area of active research. 2 A key challenge in pursuing this goal is the ability to measure …

The provision of bank credit to firms and households affects macroeconomic performance.
We use survey measures of changes in bank lending standards, disaggregated by loan …

This dissertation consists of three chapters about how access to financial markets and
composition of the labor market determine aggregate macroeconomic outcomes. The first …