Federal Reserve Bank of Cleveland: 'A Neoclassical Model of the World Financial Cycle'
March 19, 2025
March 19, 2025
CLEVELAND, Ohio, March 19 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-06) on Feb. 25, 2025, by Yan Bai, Patrick J. Kehoe, Pierlauro Lopez, and Fabrizio Perri entitled "A Neoclassical Model of the World Financial Cycle."
Here are excerpts:
* * *
Emerging markets face large and persistent fluctuations in sovereign spreads. To what extent are these fluctuations driven by local shocks versus financial con . . .
Here are excerpts:
* * *
Emerging markets face large and persistent fluctuations in sovereign spreads. To what extent are these fluctuations driven by local shocks versus financial con . . .