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The financial cycle and macroeconomics: what have we learned and what are the policy implications?

In: Financial Cycles and the Real Economy

Author Info

Listed author(s):
  • Claudio Borio

Abstract

What is the link between the financial cycle – financial booms, followed by busts – and the real economy? What is the direction of this link and how salient is this connection? This unique book examines these fundamental questions and offers a paramount contribution to the debate surrounding the recent financial and economic crisis.

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This chapter was published in:
  • Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), 2014. "Financial Cycles and the Real Economy," Books, Edward Elgar Publishing, number 15914.
    • This item is provided by Edward Elgar Publishing in its series Chapters with number 15914_2.
    Handle: RePEc:elg:eechap:15914_2
    Contact details of provider: Web page: http://www.e-elgar.com

    Order Information: Web: http://www.e-elgar.com Email:


    Keywords: Economics and Finance;

    References listed on IDEAS
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