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References

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
141–161. Stevens, G.R. and S.J. Thorp (1989), ‘The Relationship between Financial Indicators and Economic Activity: Some Further Evidence’, Reserve Bank of Australia Research Discussion Paper No.
https://www.rba.gov.au/publications/rdp/1997/9704/references.html

The In-sample Prediction Exercise | RDP 9704 Financial Aggregates as Conditioning Information for Australian Output and Inflation

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
For example, Stevens and Thorp (1989) who find that output generally leads credit.
https://www.rba.gov.au/publications/rdp/1997/9704/in-sample-prediction-exercise.html