Guidolin, Massimo; Rinaldi, Francesca - 2009
policy-makers may be able to 'inflate' their way out of a financial crisis. 'The trading of legacy loans and securities … to ambiguity. When we analyse the effect of policy actions, we find that when a market has fallen into a state of … experience has shown that distress and lack of active trading can jump 'around' between seemingly unconnected parts of the …