Does Easing Monetary Policy Increase Financial Instability?
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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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美国国家经济研究局创建时间：
2016-05-01
