Automated Author Profile

Sastry, Karthik

Massachusetts Institute of Technology

Current S-Index

4.2

Sum of Dataset Indices for all datasets

Average Dataset Index per Dataset

2.1

Average Dataset Index per dataset

Total Datasets

2

Total datasets for this author

Average FAIR Score

69.2%

Average FAIR Score per dataset

Total Citations

1

Total citations to the author's datasets

Total Mentions

1

Total mentions of the author's datasets

S-Index Interpretation

S-Index Over Time

Cumulative Citations Over Time

Cumulative Mentions Over Time

Datasets

Data and Code for: Feedbacks: Financial Markets and Economic Activity (Version: v0)

Is credit expansion a sign of desirable financial deepening or the prelude to an
inevitable bust? We study this question in modern US data using a structural VAR model of 10 monthly-frequency variables, identified by heteroskedasticity. Negative reduced-form responses of output to credit growth are caused by endogenous monetary policy response to credit expansion shocks. On average, credit and output growth remain positively associ-ated. “Financial stress” shocks to credit spreads cause declines in output and credit levels. Neither credit aggregates nor spreads provide much advance warning of the 2008-9 crisis, but spreads improve within-crisis forecasts.


Authors

  • Brunnermeier, Markus ;
  • Palia, Darius ;
  • Sastry, Karthik ;
  • Sims, Christopher
0 Citations0 Mentions69% FAIR1.7 Dataset Index
10.3886/e121521January 2021

Data and Code for: Feedbacks: Financial Markets and Economic Activity (Version: v1)

Is credit expansion a sign of desirable financial deepening or the prelude to an
inevitable bust? We study this question in modern US data using a structural VAR model of 10 monthly-frequency variables, identified by heteroskedasticity. Negative reduced-form responses of output to credit growth are caused by endogenous monetary policy response to credit expansion shocks. On average, credit and output growth remain positively associ-ated. “Financial stress” shocks to credit spreads cause declines in output and credit levels. Neither credit aggregates nor spreads provide much advance warning of the 2008-9 crisis, but spreads improve within-crisis forecasts.


Authors

  • Brunnermeier, Markus ;
  • Palia, Darius ;
  • Sastry, Karthik ;
  • Sims, Christopher
1 Citation1 Mention69% FAIR2.5 Dataset Index
10.3886/e121521v1January 2021