Looking behind the aggregates: a reply to “Facts and Myths about the Financial Crisis of 2008”

As Chari et al (2008) point out in a recent paper, aggregate trends are very hard to interpret. They examine four common claims about the impact of financial sector phenomena on the economy and conclude that all four claims are myths. We argue that to evaluate these popular claims, one needs to look at the underlying composition of financial aggregates. Our findings show that most of the commonly argued facts are indeed supported by disaggregated data.

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Year of publication:	2008
Authors:	Cohen-Cole, Ethan ; Duygan-Bump, Burcu ; Fillat, José ; Montoriol-Garriga, Judit
Institutions:	Federal Reserve Bank of Boston
Subject:	Financial crises

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Extent:	text/html application/pdf
Series:	Risk and Policy Analysis Unit Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number QAU08-5
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005502155