Part of this work has been done when Giovanni Melina was working at the IMF. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy. We are grateful to Yunus Aksoy for giving us the input of modeling the banking sector as lending relationships. The paper has benefited from extensive comments by Fabio Canova and econometric suggestions by Ron Smith. We are also grateful to John Driffill, Matteo Iacoviello, Paul Levine, Andrew Mountford, Francesco Nucci, Peter Sinclair, Frank Smets, Timo Trimborn, Jaejoon Woo, Stephen Wright, two anonymous referees, conference participants at the 2012 Annual Meeting of the American Economic Association, the 18th SCE International CEF Conference, the Royal Economic Society 2011 Annual Conference, the 16th Spring Meeting of Young Economists, the 52nd Annual Conference of the Italian Economic Association as well as seminar participants at Aarhus University, Birkbeck College, the Bank of England, the Bank of Spain, the Reserve Bank of New Zealand, the University of Bath, the University of Glasgow and University of Surrey for useful comments and suggestions. Giovanni Melina acknowledges financial support from ESRC project RES-062-23-2451. The usual disclaimerapplies.
FISCAL POLICY AND LENDING RELATIONSHIPS
Version of Record online: 25 FEB 2014
© 2014 Western Economic Association International
Volume 52, Issue 2, pages 696–712, April 2014
How to Cite
MELINA, G. and VILLA, S. (2014), FISCAL POLICY AND LENDING RELATIONSHIPS. Economic Inquiry, 52: 696–712. doi: 10.1111/ecin.12051
- Issue online: 25 FEB 2014
- Version of Record online: 25 FEB 2014
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