Blar i Staff Memo på forfatter "Hammersland, Roger"
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The Financial Accelerator and the Real Economy : A Small Macroeconometric Model for Norway with Financial Frictions
Hammersland, Roger; Træe, Cathrine Bolstad (Staff Memo;2/2012, Working paper, 2012)This paper studies the salient features of a core macroeconometric model that allows for self-reinforcing co-movements between credit, asset prices and real economic activity. In contrast to the economic literature that ...