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Figure 7: I plot the log of the ratio of intermediary equity to GDP (black line, right axis, decreasing scale) which is the state variable in the model, along with the subsequent 5 year excess retur...
Discussion of "Financial Crises and Risk Premia"。
In this work we develop a new measure to study the behavior of stochastic time series, which permits to distinguish events which are different from the ordinary, like financial crises. We identify fro...
The adverse effects of financial crises in terms of output losses or output growth below its potential can be treated like losses from catastrophic events which have a low likelihood but a large impac...
The paper offers an overview of what structural models of the IS-LM and Mundell-Fleming variety can tell about the macroeconomics of economic crises. In addition to demonstrating how the emergence of ...
The article discusses the effectiveness of monetary policy during times of economic crisis. The author addresses arguments concerning perceived failures of U.S. monetary policy to improve economic con...
The article discusses the use of economic regulatory policies based on markets to avoid financial crises such as the global financial crisis of 2008 and 2009. Topics include the too-big-to-fail policy...
The Financial Accounting Standards Board (FASB) (2010) proposes that all financial instruments be measured at fair value in the financial statements. This commentary provides one Board member's reason...
Trust lies at the crux of most economic transactions, with credit markets being a notable example. Drawing on insights from the liter-ature on coordination games and network growth, we develop a simpl...
Are Financial Crises Always Bad?     Financial Crises  Bad       2014/11/28
The sub-prime mortgage crisis has raised some crucial questions: Why do we need a Central bank? What should the Central bank do? Casual observation suggests that the central banking techniques deve...
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...

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