References of "Reflets et Perspectives de la Vie Economique"
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See detailL’intermédiation financière dans les modèles macroéconomiques
Sneessens, Henri UL

Article for general public (2017)

Modelling financial markets remains a main challenge in current macroeconomic theory. This paper summarizes the main difficulties and reasons why financial aspects were not included earlier in ... [more ▼]

Modelling financial markets remains a main challenge in current macroeconomic theory. This paper summarizes the main difficulties and reasons why financial aspects were not included earlier in macroeconomic models. It describes the main modelling strategies adopted so far, from financial accelerator models to financial intermediation and banking crises. It also discusses briefly different interpretations of the Great Recession. [less ▲]

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