Macro-prudential Policy in a Fisherian Model of Financial Innovation /

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 mechan...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bianchi, Javier
Awduron Eraill: Boz, Emine, Mendoza, Enrique
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2012.
Cyfres:IMF Working Papers; Working Paper ; No. 2012/181
Mynediad Ar-lein:Full text available on IMF