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Financial Markets, Asymmetric Information, and Macroeconomic Equilibrium

Fabrizio Mattesini

出版	Dartmouth, 1993
主題	Business & Economics / Finance / GeneralBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Economics / General
ISBN	18552117779781855211773
URL	http://books.google.com.hk/books?id=6VcXAQAAMAAJ&hl=&source=gbs_api

註釋

The study of the interaction between the financial sector and the sector of the economy is one of the most recent advances in macroeconomic theory. While mainstream economics assigns a passive role to the financial sector there is a growing body of literature which emphasizes the importance of financial intermediaries in explaining fluctuations and the determination of the process through which monetary policy impulses are transmitted to the rest of the economy. This literature has its origin in the models that rely on asymmetric information to explain imperfections in financial markts and in empirical evidence collected through various econometric techniques and through historical studies. This book surveys the relevant work ion the subject, evaluates the empirical evidence and the explanatory power of the theories proposed and furnishes new and empirical results.