Simmons, Richard; Dini, Paolo; Culkin, Nigel; Littera, … - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-28
the context of distinguishing the real economy from the financial economy. A theoretical framework is developed to explain … types within the financial economy. Monetary transmission mechanisms are set into a framework that helps explain how QE … stimulus risks combining asset price bubbles with poor growth in the real economy. The real economy transmission mechanism of …