NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Effects of Fiscal Policy on Credit Markets

Alan J. Auerbach, Yuriy Gorodnichenko, Daniel Murphy

NBER Working Paper No. 26655
Issued in January 2020

---- Acknowledgments ----

This paper was presented at the 2020 annual meeting of the American Economic Association in San Diego. We are grateful to our discussants Gabriel Chodorow-Reich and Janice Eberly as well as Frank Smets for comments on an earlier draft. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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