A Benchmark Macroeconomic Model on Excess Deaths, Economic Production’s Losses and Economic Policies During the COVID-19 Pandemic
A Benchmark Macroeconomic Model on Excess Deaths, Economic Production’s Losses and Economic Policies During the COVID-19 PandemicAlberto Ortiz Bolaños, October 2023
The Financial Accelerator Mechanism Redux
Ben Bernanke, together with Mark Gertler, has advocated to study the importance of financial factors in economic allocations. In particular, the misallocations created by asymmetric information. In their American Economic Review (1989) paper (https://lnkd.in/gF3r6zq7) titled Agency Costs, Net Worth and Business Fluctuations, they introduced the financial accelerator mechanism through which small shocks get amplified due […]