A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
收藏NBER2013-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18737
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资源简介：
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with conventional
提供机构：
美国国家经济研究局
创建时间：
2013-01-01
