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equity liabilities, also called cost of capital. The two metrics are intertwined with each other, since equity capital is … projections for Economic Capital and costs of funding. If implemented within the proper accounting framework, KVA/FVA mark …
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We propose an overlapping generations New Keynesian model in which a permanent (or very persistent) slump is possible without any self-correcting force to full employment. The trigger for the slump is a deleveraging shock, which creates an oversupply of savings. Other forces that work in the...
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We propose an overlapping generations New Keynesian model in which a permanent (or very persistent) slump is possible without any self-correcting force to full employment. The trigger for the slump is a deleveraging shock, which creates an oversupply of savings. Other forces that work in the...
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