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This paper studies the effect of optimal macroprudential policy in a small open economy model where growth is endogenous. By introducing endogenous growth, this model is able to capture the persistent effect of financial crises on output, which is different from previous literature but...
Persistent link: https://www.econbiz.de/10012852910
Considering the deep and long-lasting impact of severe recessions, such as the 2008-09 financial crisis, it is important that measures be taken to minimise the risk of such event. But in doing so the benefits need to be balanced against the potential costs in terms of lower average growth that...
Persistent link: https://www.econbiz.de/10011695147
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"Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In this book scholars argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in...
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Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the study of money, financial markets and...
Persistent link: https://www.econbiz.de/10011850557
future progress. Together, the chapters form a picture of the international implications of Brazil’s emergence as a major … 2000s -- 4. Deindustrialization in Brazil? -- 5. Thriving Through Uncertainty: Fiscal Space for Brazilian Sustainable … Growth -- 6. Some Lessons from the Household Consumption Boom in Brazil, 2003-2013 -- 7. Funding, State, and Debt Crisis -- 8 …
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