Rethinking liquidity: A critical macro-finance view
نویسندگان
چکیده
منابع مشابه
Macro - Finance
Macro-finance addresses the link between asset prices and economic fluctuations. Many models reflect the same rough idea: the market’s ability to bear risk varies over time, larger in good times, and less in bad times. Models achieve this similar result by quite different mechanisms, and I contrast their strengths and weaknesses. I outline how macro-finance models may illuminate macroeconomics,...
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ژورنال
عنوان ژورنال: Finance and Society
سال: 2020
ISSN: 2059-5999
DOI: 10.2218/finsoc.v6i1.4410