The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation

Elena Afanasyeva, Seung Jung Lee, Michele Modugno and Francisco Palomino

No 2018-10-12-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In this note, we follow a narrative approach to review historical episodes of significant financial imbalances and examine whether these episodes were linked to macroeconomic overheating.

Date: 2018-10-12
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2018-10-12-2

DOI: 10.17016/2380-7172.2253

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