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Recessions that are accompanied by financial crises tend to be more severe and are followed by slower recoveries than … ordinary recessions. This paper introduces a new Keynesian model with financial frictions on both the demand and supply side of …
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Remarks before the Austin Headliners Club, Austin, Texas, November 10, 2009 ; "The Federal Reserve has done what it can to prevent Depression 2.0 and the deflation that one would have expected might accompany economic collapse. It will take some time, in my opinion, to get back on a steady...
Persistent link: https://www.econbiz.de/10010726036
policy in fighting recessions. Without the ability to further lower interest rates, policy authorities in many countries have …
Persistent link: https://www.econbiz.de/10008475891
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