A risk-centric model of demand recessions and macroprudential policy /
A productive capacity generates output and risks, both of which need to be absorbed by economic agents. If they are unable to do so, output and risk gaps emerge. Risk gaps close quickly: A decline in the interest rate increases the Sharpe ratio of the risky assets and equilibrates the risk markets....
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Format: | Book |
Language: | English |
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Cambridge, MA :
Massachusetts Institute of Technology, Dept. of Economics,
[2017]
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Edition: | Revised |
Series: | Working paper (Massachusetts Institute of Technology. Department of Economics) ;
no. 17-07 2017 Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 17-07 2017b |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
Call Number: |
HB31.M415 no.17-07 2007 HB31.M415 no.17-07 2017b |
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