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Finance and Business Cycles: The Credit-Driven Household Demand Channel

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NBER2018-02-01 更新2025-01-04 收录
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Every major financial crisis leaves its unique footprint on economic thought. The early banking crises taught us the importance of financial sector liquidity and the lender of last resort. The Great Depression highlighted the devastating effects of bank failures and the need for counter-cyclical

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2018-02-01
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