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The Macroeconomics of Financial Crises: How Risk Premiums and Liquidity Traps Affect Policy Options
Financial crisis Credit crunch Liquidity trap Risk premiums Policy options Fiscal policy Monetary policy
2011/8/21
The paper offers an overview of what structural models of the IS-LM and Mundell-Fleming variety can tell about the macroeconomics of economic crises. In addition to demonstrating how the emergence of ...
Is Monetary Policy Effective during Financial Crises?
monetary policy economic crisis improve economic conditions global financial crisis
2011/8/21
The article discusses the effectiveness of monetary policy during times of economic crisis. The author addresses arguments concerning perceived failures of U.S. monetary policy to improve economic con...