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4 - Notes on the Interaction between Financial Markets and the Macroeconomy: Financial Markets and Policy through the Lens of Macroeconomics

Published online by Cambridge University Press:  10 November 2017

Esa Jokivuolle
Affiliation:
Bank of Finland
Radu Tunaru
Affiliation:
University of Kent, Canterbury
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Summary

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Chapter
Information
Preparing for the Next Financial Crisis
Policies, Tools and Models
, pp. 54 - 62
Publisher: Cambridge University Press
Print publication year: 2017

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References

Bisias, D., Flood, M., Lo, A.W. and Valavanis, S. (2012). A survey of systemic risk Analytics. Working Paper 0001. Washington, DC: Office of Financial Research.Google Scholar
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Blanchard, O. (2016b). Further thoughts on DSGE models. Real Time Economic Issues Watch, PIIE, October 2, 2016.Google Scholar
Gertler, M. and Kiyotaki, N. (2015). Banking, liquidity and bank runs in an infinite horizon economy. American Economic Review 105:7, 20112043.Google Scholar
Hansen, L-P. (2012). Challenges in identifying and measuring systemic risk. NEBR Working Paper No. 18505. Cambridge, MA: National Bureau of Economic Research.Google Scholar
Korinek, A. (2015). Thoughts on DSGE macroeconomics: Matching the moments but missing the point? Available at www.korinek.com/.Google Scholar
Rajan, R. (2005). Has finance made the world riskier? In The Greenspan Era: Lessons for the Future. Federal Reserve Bank of Kansas City. Also published in European Financial Management, 12:4, 2006, 499–533.Google Scholar
Walsh, C. (2010). Using monetary policy to stabilize the economy. In Federal Reserve Bank of Kansas City, Financial Stability and Macroeconomic Policy. 2009 Jackson Hole Symposium, pp. 245–296.Google Scholar

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