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An Anatomy of Credit Booms and their Demise

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NBER2012-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18379
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What are the stylized facts that characterize the dynamics of credit booms and the associated fluctuations in macro-economic aggregates? This paper answers this question by applying a method proposed in our earlier work for measuring and identifying credit booms to data for 61 emerging and
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2012-09-01
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