Phases Of Global Liquidity, Fundamentals News, And The Design Of Macroprudential PolicyVW Staff
Phases Of Global Liquidity, Fundamentals News, And The Design Of Macroprudential Policy by BIS
Minneapolis Fed, University of Wisconsin & NBER
Enrique G. Mendoza
University of Pennsylvania, NBER & PIER
The unconventional shocks and non-linear dynamics behind the high volatility of financial markets present a challenge for the implementation of macroprudential policy. This paper introduces two of these unconventional shocks . . .
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