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Financial stability considerations for monetary policy: Empirical evidence and challenges

Boyarchenko, Nina; Favara, Giovanni; Schularick, Moritz - 2022

This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. Financial vulnerabilities build up over time, with both risk appetite and risk taking rising during economic...

Persistent link: https://www.econbiz.de/10013330018

When credit bites back : leverage, business cycles, and crises

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011

Persistent link: https://www.econbiz.de/10009426755

When credit bites back : leverage, business cycles, and crises

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011

Persistent link: https://www.econbiz.de/10009486214

Leveraged bubbles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2015

others blow over. We demonstrate that what makes some bubbles more dangerous than others is credit. When fueled by credit … slower recoveries. Credit-financed housing price bubbles have emerged as a particularly dangerous phenomenon. …

Persistent link: https://www.econbiz.de/10011309562