Macro-Prudential Policy in a Fisherian model of Financial Innovation
收藏NBER2012-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18036
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资源简介：
The interaction between credit frictions, financial innovation, and a switch from optimistic to pessimistic beliefs played a central role in the 2008 financial crisis. This paper develops a quantitative general equilibrium framework in which this interaction drives the financial amplification
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美国国家经济研究局创建时间：
2012-05-01
