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Board of Governors of the Federal Reserve System (U.S.)
FEDS Notes
The Relationship between Macroeconomic Overheating and Financial Vulnerability : A Narrative Investigation
Elena Afanasyeva
Seung Jung Lee
Michele Modugno
Francisco J. Palomino
Abstract

In this note, we follow a narrative approach to review historical episodes of significant financial imbalances and examine whether these episodes were linked to macroeconomic overheating.


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Elena Afanasyeva & Seung Jung Lee & Michele Modugno & Francisco J. Palomino, The Relationship between Macroeconomic Overheating and Financial Vulnerability : A Narrative Investigation, Board of Governors of the Federal Reserve System (U.S.), FEDS Notes 2018-10-12, 12 Oct 2018.
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DOI: 10.17016/2380-7172.2253
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