Macroeconomics with Financial Frictions: A Survey
收藏NBER2012-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18102
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This article surveys the macroeconomic implications of financial frictions. Financial frictions lead to persistence and when combined with illiquidity to non-linear amplification effects. Risk is endogenous and liquidity spirals cause financial instability. Increasing margins further restrict
本文综述了金融摩擦(financial frictions)对宏观经济的影响。金融摩擦会引发持续性问题,且当其与流动性不足相结合时,会产生非线性放大效应。风险具有内生性,而流动性螺旋(liquidity spirals)会引发金融不稳定。不断提高的保证金要求会进一步限制
提供机构:
美国国家经济研究局
创建时间:
2012-05-01



