London, EC2R 8AH
Bank of England
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rational bubble, financial friction, global imbalances, credit boom
Japanese saving rate
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Adverse selection, lemons shocks
Systemic Risk, Financial Crises, Financial Regulation
Adverse selection, lemons shocks, credit spreads, the Great Recession
financial frictions, adjustment costs, real business cycle models
Optimal inflation rate; Trend inflation; Sticky prices; Bayesian estimation
Asset price bubbles; optimal monetary policy; financial cost channel
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