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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...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Swiston, A. (Andrew James) (Auteur)
Collectivité auteur: International Monetary Fund. Western Hemisphere Department
Format: Électronique eBook
Langue:Inglés
Publié: Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., 2008.
©2008
Collection:IMF working paper ; WP/08/161.
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Accès en ligne:Texto completo