Modeling With Macro Financial Linkages
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This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates
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How can information on financial conditions be used to better understand macroeconomic developments and improve macroeconomic projections? We investigate this q
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The recent global financial crisis has increased interest in macroeconomic models that incorporate financial linkages. Here, we compare the simulation propertie
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