The Financial Accelerator and the Flight to Quality
- 1 February 1996
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 78 (1) , 1-15
- https://doi.org/10.2307/2109844
Abstract
Adverse shocks to the economy may be amplified by worsening credit-market conditions--the "financial accelerator." Theoretically, we interpret the fin...Keywords
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