A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “Covid-19” Shock
收藏NBER2020-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27044
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资源简介：
In this paper we: (i) provide a model of the endogenous risk intolerance and severe asset price and aggregate demand contractions following an adverse real (non-financial) shock; and (ii) demonstrate the effectiveness of Large Scale Asset Purchases (LSAPs) in addressing these contractions. The key
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
