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 policies
fiscal policies and behaviour of economic agents
fiscal policy
household
housing
macroeconomics andmonetary economics
monetary policy
publiceconomics
