Cédric Huylebroek

PhD Candidate at KU Leuven | Interested in Banking & Finance | Previously visiting @BIS_org, @NorgesBank, and @NBB_BNB_NL

[Cédric Huylebroek @HuylebroekC]

Looking forward to this!
Thanks for the invitation @PhdEvs.

[PhD-EVS @PhdEvs]

📅 Join us next Thursday (11 Jun) as Cedric Huylebroek (@HuylebroekC ) from KU Leuven and Norges Bank presents his research: "Banks, Firms, and Households: Credit Shock Amplification and Real Effects."

Register: https://t.co/zgPrCjH8h9

#EconTwitter #MacroFinance #LaborEconomics

[Cédric Huylebroek @HuylebroekC]

@PatzeltPaula @FuchsMarie_ Thanks for organizing!

[Cédric Huylebroek @HuylebroekC]

(10/10)

💡𝐏𝐨𝐥𝐢𝐜𝐲 𝐢𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:
Stress tests and stabilization policies should account for 𝐥𝐢𝐧𝐤𝐚𝐠𝐞𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐛𝐚𝐧𝐤𝐬, 𝐟𝐢𝐫𝐦𝐬, 𝐚𝐧𝐝 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝𝐬.

Ignoring those connections means underestimating how credit shocks ripple through the economy.

📄 Read the paper here: https://t.co/w4OZUjbIL4

[Cédric Huylebroek @HuylebroekC]

I’m on the #EconJobMarket! 👋

Economists have long debated if credit shocks to firms or to households have the largest impact on the economy.

But prior research couldn’t separate shocks affecting
(i) only firms
(ii) only households
(iii) both

𝐌𝐲 𝐉𝐌𝐏 𝐟𝐢𝐥𝐥𝐬 𝐭𝐡𝐢𝐬 𝐠𝐚𝐩.
A JMP 🧵 (1/10)

[Cédric Huylebroek @HuylebroekC]

(9/10)

This amplification also matters at the 𝐦𝐚𝐜𝐫𝐨 𝐥𝐞𝐯𝐞𝐥: municipalities where both individuals and their employers were 𝐣𝐨𝐢𝐧𝐭𝐥𝐲 exposed saw the largest declines in consumption and employment. ⬇️

This underscores the need for rich macro models that incorporate financial frictions on both the firm and household side, with rigidities in both goods and labor markets.

[Francesco Furlanetto 🇺🇦 @francescofurla8]

The one and only Norges Bank PhD internship is back: Come to Oslo to write a paper with us! Deadline for application: November 2. Several papers have reached R&R and WP status over the last year. https://t.co/6AUCI8lsry

[Cédric Huylebroek @HuylebroekC]

Link to the paper: https://t.co/3Lhzv6rHTd

[Cédric Huylebroek @HuylebroekC]

🥁🥁🥁 NEW PAPER: 𝐓𝐡𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐒𝐩𝐢𝐥𝐥𝐨𝐯𝐞𝐫𝐬 𝐨𝐟 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 𝐁𝐮𝐲𝐨𝐮𝐭𝐬

A short thread 🧵

[Cédric Huylebroek @HuylebroekC]

💡Taken together, our findings offer novel evidence on the network effects of PE buyouts, deepening our understanding of the real economic implications of PE investments, with valuable policy implications.