Michele Modugno (Principal Economist

Seminario Virtual de Economía 594: Sowing the Seeds of Financial Imbalances: The Role of Macroeconomic Performance

Resumen: The seeds of financial imbalances are sown in times of buoyant economic growth. We study the link between macroeconomic performance and fi nancial imbalances, focusing on the experience of the United States since the 1960s. We fi rst follow a narrative approach to...