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Does Easing Monetary Policy Increase Financial Instability?

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NBER2016-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22283
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This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policy and to the role of U.S. monetary and regulatory policy in the run up to the Great Recession. There are two main results. First, real
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2016-05-01
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