TY  - BOOK
AU  - Taylor,Alan M.
ED  - National Bureau of Economic Research.
TI  - Credit, Financial Stability, and the Macroeconomy
T2  - NBER working paper series
PY  - 2015///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - March 2015; Hardcopy version available to institutional subscribers
N2  - Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a lead set by a fast-growing empirical literature. Recent long-run historical work has uncovered a range of important stylized facts concerning financial instability and the role of credit in advanced economies, and this article provides an overview of the key findings
UR  - https://www.nber.org/papers/w21039
UR  - http://dx.doi.org/10.3386/w21039
ER  -