Description
The purpose of this paper is to relate the marginal crisis risk of Woodford to a number of
financial fragility indicators. The paper expands the interest rate gap approach by considering the
capital structure of investments and systemic risk, dating back to Modigliani-Miller. The...
central banking and the supply of money and credit
central banks
central banks and their policiesfiscalpoliciesandbehaviourofeconomicagentsfiscal policy
household
housing
macroeconomics andmonetary economics
monetary policy
public economics