欧洲央行：新冠肺炎疫情期间及以后消费者对信贷市场的参与（英文版）

This paper analyses the consumer’s decision to apply for credit and the probability of the credit being accepted in the euro area during a period characterized by the unprecedented concomitance of events and changing borrowing conditions linked to the global COVID-19 pandemic and the Russian invasion of Ukraine. We use data between 2020Q1 and 2023Q2 from the ECB’s Consumer Expectations Survey. We find that credit demand is highest when the first lockdown ends and it drops when supportive mone