Macro-Finance Linkages

Morley, James (2016) Macro-Finance Linkages. Journal of Economic Surveys, 30 (4). pp. 698-711. ISSN 0950-0804

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Abstract

In this survey, I review the academic and policy-oriented literature on the linkages between financial markets and the rest of the economy. First, I summarize the leading economic theories for why the financial sector can influence the macroeconomy. Second, I consider empirical research on spillovers from the financial sector to the rest of the economy, as well as across financial markets in different countries. Third, I discuss key monetary policy debates regarding the appropriate response of central banks to financial conditions. Finally, I conclude with an overview of the major gaps in the existing literature.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Economic Surveys
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
130432
Deposited By:
Deposited On:
15 Jan 2019 16:55
Refereed?:
Yes
Published?:
Published
Last Modified:
23 Sep 2020 04:55