Plessis, Stan du - Department of Economics, Fakulteit Ekonomiese en … - 2010
Monetary authorities have been implicated in the financial crisis of 2007-2008. John Muellbauer, for example, has … finds that (i) it is likely that monetary policy contributed to the financial crisis and (ii) that an inappropriately narrow … model that would be sensitive to financial fragility, a sensitivity that was absent in the run-up to the current financial …