Fiscal Policy and Lending Relationships

WP/13/141

Fiscal Policy and Lending Relationships
This paper studies how fiscal policy affects loan market conditions in the US. First, itconducts a Structural Vector-Autoregression analysis showing that the bank spread respondsnegatively to an expansionary government spending shock, while lending increases. Second,it illustrates that these results are mimicked by a Dynamic Stochastic General... READ MORE...

Publication date: June 2013
ISBN 9781484380277
$18.00

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Publication date: June 2013

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Publication date: June 2013

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