Financial Innovations and Macroeconomic Volatility
收藏NBER2006-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12308
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资源简介：
The volatility of US business cycles has declined during the last two decades. During the same period the financial structure of firms has become more volatile. In this paper we develop a model in which financial factors play a key role in generating economic fluctuations. Innovations in financial
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美国国家经济研究局创建时间：
2006-06-01
