Mitigating economic volatility: When building efficient financial markets should supersede conventional economic policy

The choice of instruments for mitigating economic volatility is a serious consideration for policymakers and important question in government and economics. Using a DSGE model with endogenous technology creation, we show that efficient financial markets are more effective than conventional economic...

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Bibliographic Details

Published in:	Journal of Government and Economics
Main Authors:	M. Emranul Haque, Paul Middleditch, Shuonan Zhang
Format:	Article
Language:	English
Published:	Elsevier 2022-01-01
Subjects:	Financial development General equilibrium Economic policy Stock markets Financial crises
Online Access:	http://www.sciencedirect.com/science/article/pii/S2667319323000022