How global risk perceptions affect economic growth

Jon Danielsson, Marcela Valenzuela and Ilknur Zer
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Ilknur Zer: https://www.federalreserve.gov/econres/ilknur-zer.htm

No 2022-02-03-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The global crisis in 2008 reminded us of the importance of the financial sector for the macroeconomy, a lesson many had forgotten in the decades after the previous global crisis, the Great Depression. Financial risk matters. It is necessary for investment and growth, while also driving uncertainty, inefficiency, recessions, and crises.

Date: 2022-02-03
New Economics Papers: this item is included in nep-cwa and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-02-03-2

DOI: 10.17016/2380-7172.3054

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