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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| Formato: | Revista |
| Lenguaje: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2013/141 |
| Acceso en línea: | Full text available on IMF |