Fiscal Policy and Lending Relationships /

This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary government spending shock, while lending increases. Second, it illustrates that these resu...

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Bibliografiske detaljer
Hovedforfatter: Melina, Giovanni
Andre forfattere: Villa, Stefania
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2013.
Serier:IMF Working Papers; Working Paper ; No. 2013/141
Online adgang:Full text available on IMF