Macro-prudential policy in a Fisherian model of financial innovation

Macro-prudential policy in a Fisherian model of financial innovation / Javier Bianchi, Emine Boz, Enrique G. Mendoza.

The interaction between credit frictions, financial innovation, and a switch from optimistic to pessimistic beliefs played a central role in the 2008 financial crisis. This paper develops a quantitative general equilibrium framework in which this interaction drives the financial amplification mechan...

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Bibliographic Details
Main Authors: Bianchi, Javier (Author), Boz, Emine (Author), Mendoza, Enrique G., 1963- (Author)
Corporate Author: International Monetary Fund. Research Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/181.
Subjects:
Financial institutions > Management > Econometric models.
Equilibrium (Economics) > Econometric models.
Financial crises > United States > Psychological aspects > Econometric models.
BUSINESS & ECONOMICS > Finance.
Equilibrium (Economics) > Econometric models
United States
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