{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,6]],"date-time":"2026-05-06T22:54:48Z","timestamp":1778108088902,"version":"3.51.4"},"reference-count":9,"publisher":"Wiley","issue":"5","license":[{"start":{"date-parts":[[2016,11,6]],"date-time":"2016-11-06T00:00:00Z","timestamp":1478390400000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2017,8]]},"abstract":"<jats:title>Summary<\/jats:title><jats:p>This paper replicates the results in Schularick and Taylor (<jats:italic>American Economic Review<\/jats:italic> 2012; <jats:bold>102<\/jats:bold>(2): 1029\u20131061; ST hereafter). Specifically, I replicate ST's results in the \u2018narrow\u2019 sense by reproducing their calculations in the open source econometrics package gretl. (Gretl is an acronym for Gnu Regression, Econometrics and Time\u2010series Laboratory. It is available for Windows, Mac and Linux at <jats:ext-link xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"www.gretl.sourceforge.net\">www.gretl.sourceforge.net<\/jats:ext-link>.) I also demonstrate the robustness of ST's findings to different estimation methods. I obtain qualitatively similar results to ST via Bayesian estimation of both static and dynamic panel probit models. Finally, I show that the marginal effects of credit growth on the probability of a financial crisis vary considerably across the countries in the dataset. Copyright \u00a9 2016 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2554","type":"journal-article","created":{"date-parts":[[2016,11,7]],"date-time":"2016-11-07T02:22:50Z","timestamp":1478485370000},"page":"1033-1038","source":"Crossref","is-referenced-by-count":3,"title":["Credit Booms Gone Bust: Replication of Schularick and Taylor (AER 2012)"],"prefix":"10.1002","volume":"32","author":[{"given":"Peter M.","family":"Summers","sequence":"first","affiliation":[{"name":"Department of Economics High Point University  NC USA"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2016,11,6]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1257\/mac.3.2.246"},{"key":"e_1_2_8_3_1","unstructured":"ChibS.2008.Panel data modeling and inference: a Bayesian primerThe Econometrics of Panel Data: Fundamentals and Recent Developments in Theory and PracticeM\u00e1ty\u00e1sL SevestreP(eds).Springer:Berlin."},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.2307\/2531595"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.1148\/radiology.143.1.7063747"},{"key":"e_1_2_8_6_1","volume-title":"A Guide to Econometrics","author":"Kennedy P","year":"2008"},{"key":"e_1_2_8_7_1","volume-title":"Bayesian Econometrics","author":"Koop G","year":"2003"},{"key":"e_1_2_8_8_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511802447"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.102.2.1029"},{"key":"e_1_2_8_10_1","doi-asserted-by":"publisher","DOI":"10.1111\/1467-9868.00353"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2554","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2554","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2554","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,3]],"date-time":"2023-10-03T10:26:05Z","timestamp":1696328765000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2554"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2016,11,6]]},"references-count":9,"journal-issue":{"issue":"5","published-print":{"date-parts":[[2017,8]]}},"alternative-id":["10.1002\/jae.2554"],"URL":"https:\/\/doi.org\/10.1002\/jae.2554","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2016,11,6]]}}}