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The Puzzling Persistence of Financial Crises

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NBER2024-03-01 更新2025-01-04 收录
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The high social costs of financial crises imply that economists, policymakers, businesses, and households have a tremendous incentive to understand, and try to prevent them. And yet, so far we have failed to learn how to avoid them. In this article, we take a novel approach to studying financial

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2024-03-01
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