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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 Quantitative Exploration
Elena Afanasyeva
Seung Jung Lee
Michele Modugno
Francisco J. Palomino
Abstract

In this note, we explore the link between indicators of financial imbalances and macroeconomic performance, focusing on the experience of the United States. In an accompanying note, The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation, 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 Quantitative Exploration, Board of Governors of the Federal Reserve System (U.S.), FEDS Notes 2018-10-12, 12 Oct 2018.
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DOI: 10.17016/2380-7172.2254
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