Arpit Gupta says U.S. credit controls show how sharply policy can hit growth: WWII-era curbs restrained consumer durable credit, while 1980 restrictions helped

Arpit Gupta says U.S. credit controls show how sharply policy can hit growth: WWII-era curbs restrained consumer durable credit, while 1980 restrictions helped trigger a rapid GDP drop before being reversed. He contrasts that with the ECB’s lending-linked TLTRO tool.