On the Global Impact of Risk-off Shocks and Policy-put Frameworks
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https://www.nber.org/papers/w26031
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Global risk-off shocks can be highly destabilizing for financial markets and, absent an adequate policy response, may trigger severe recessions. Policy responses were more complex for developed economies with very low interest rates after the Global Financial Crisis (GFC). We document, however, that
提供机构：
美国国家经济研究局
创建时间：
2019-07-01
