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This paper studies optimal financial policy in a world where the financial sector can become excessively optimistic. I …
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Introduction -- Money, Bonds and Economic Activity: Money, Bonds and Interest Rates -- Term Structure of Interest Rates -- The Credit Market and Economic Activity: Theories on Credit Market, Credit Risk and Economic Activity -- Empirical Tests on Credit Market and Economic Activity -- The Stock...
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Today we live in a post-truth and highly digitalized era characterized by a flow of (mis-) information around the world …
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