Haque, M. Emranul; Middleditch, Paul; Zhang, Shuonan - In: Journal of government and economics : JGE 8 (2022), pp. 1-14
help establish efficient financial markets to allow producers a hedge into equity finance during times of financial stress. … question in government and economics. Using a DSGE model with endogenous technology creation, we show that efficient financial … markets are more effective than conventional economic policies, such as fiscal interventions, in reducing economic volatility …