The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Quantitative Exploration
Seung Jung Lee (),
Michele Modugno () and
Francisco Palomino ()
No 2018-10-12-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
In this note, we explore the link between indicators of financial imbalances and macroeconomic performance, focusing on the experience of the United States. In an accompanying note, The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation, we follow a narrative approach to review historical episodes of significant financial imbalances and examine whether these episodes were linked to macroeconomic overheating.
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2018-10-12-3
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