Short and medium term financial-real cycles: An empirical assessment
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DOI: 10.1016/j.jimonfin.2019.02.006
Abstract: Theories such as Minsky’s financial instability hypothesis or New Keynesian financial accelerator models assign a key role to financial factors in business cycle dynamics. We propose a simple VAR-based estimation framework to examine some of… read more here.
Keywords: short medium; financial real; debt; medium ... See more keywords