A U.S. Financial Conditions Index : Putting Credit Where Credit is Due /
This paper uses vector autoregressions and impulse-response functions to construct a U.S. financial conditions index (FCI). Credit availability-proxied by survey results on lending standards-is an important driver of the business cycle, accounting for over 20 percent of the typical contribution of f...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2008.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2008/161 |
| 在線閱讀: | Full text available on IMF |