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Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises

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NBER2017-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23931
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资源简介:
Analysis based on a new measure of financial distress for 24 advanced economies in the postwar period shows substantial variation in the aftermath of financial crises. This paper examines the role that macroeconomic policy plays in explaining this variation. We find that the degree of monetary and
创建时间:
2017-10-01
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