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...
| מחבר ראשי: | |
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| מחברים אחרים: | , |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2012.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2012/181 |
| גישה מקוונת: | Full text available on IMF |