Bubbles, Liquidity and the Macroeconomy
نویسنده
چکیده
The recent financial crisis has shown that financial frictions such as asset bubbles and liquidity spirals have important consequences not only for the financial sector, but also more generally for the macro economy. It forces economists to reevaluate firmly held beliefs about market efficiency, as well as convictions about the appropriate regulation of financial markets and approaches to macroeconomic policy-making. The subsequent paragraphs summarize my ongoing research in these domains.
منابع مشابه
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