The Tradeoffs in Leaning Against the Wind
收藏NBER2017-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23658
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资源简介：
Credit booms sometimes lead to financial crises which are accompanied with severe and persistent economic slumps. Does this imply that monetary policy should lean against the wind and counteract excess credit growth, even at the cost of higher output and inflation volatility? We study this issue
提供机构：
美国国家经济研究局
创建时间：
2017-08-01
