Otrok, Christopher; Benigno, Gianluca; Chen, Huigang; … - Economics Department, University of Missouri - 2012
In the aftermath of the global Â…nancial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distortions have become part of the standard policy toolkit (the so-called macro-prudential policies). On the wave of this seemingly...
