Good Booms, Bad Booms
收藏NBER2016-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22008
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资源简介：
Credit booms are not rare and usually precede financial crises. However, some end in a crisis (bad booms) while others do not (good booms). We document that credit booms start with an increase in productivity, which subsequently falls much faster during bad booms. We develop a model in which crises
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美国国家经济研究局创建时间：
2016-02-01
