Modeling the Great Recession as a Bank Panic: Challenges
收藏NBER2022-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29955
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We highlight two challenges for the notion that a pure panic bank run played an important role in the dynamics in the Great Recession. First, the conclusion depends critically on ruling out any entry of new net worth into a sector experiencing a run. When interpreted as reflecting a cost of entry
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美国国家经济研究局创建时间：
2022-04-01
