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...
Cote: | Libro Electrónico |
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Auteur principal: | |
Collectivité auteur: | |
Format: | Électronique eBook |
Langue: | Inglés |
Publié: |
Washington, D.C. :
International Monetary Fund, Western Hemisphere Dept.,
2008.
©2008 |
Collection: | IMF working paper ;
WP/08/161. |
Sujets: | |
Accès en ligne: | Texto completo |