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FINANCIAL ACCELERATORS

Statistics Directorate    
Definition:
Refers to response of credit market conditions to "shocks" to the economy that may amplify and spread the effect of the shocks. For example, credit may become harder to obtain for households and firms in an economic downturn, which can make the downturn more severe and prolonged.

Source Publication:
OECD Economic Outlook Glossary + investopedia.com.

Hyperlink:
http://www.investopedia.com/terms/f/financial-accelerator.asp

Statistical Theme: Financial statistics

Created on Friday, March 21, 2003

Last updated on Thursday, June 13, 2013