Effects on Consumer and Business Borrowing of Loanable Funds and M1

John Heim

Chapter Chapter 22 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 467-490 from Springer

Abstract: Abstract This chapter tests the relationship of consumer and business borrowing to changes in total loanable funds (LF) and find changes in LF significantly, positively effect business borrowing. Changes in the endogenous portion of LF were the most important. Total loanable funds are positively related to consumer borrowing, but neither part alone was consistently significant in all time periods tested.

Keywords: M1; Money supply; Consumer borrowing; Business borrowing; Inflation; Interest rates (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65675-1_22

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DOI: 10.1007/978-3-030-65675-1_22

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