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Published in 2019 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100517001080
Abstract: This paper studies the growth and welfare effects of macroprudential regulation in an overlapping generations model of endogenous growth with banking and agency costs. Indivisible investment projects combine with informational imperfections to create a double…
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Keywords:
growth;
regulation;
effects macroprudential;
welfare effects ... See more keywords