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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Bianchi, Javier (Autor), Boz, Emine (Autor), Mendoza, Enrique G., 1963- (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2012.
Colección:IMF working paper ; WP/12/181.
Temas:
Acceso en línea:Texto completo