Browsing Discussion Papers by Author "Træe, Cathrine Bolstad"
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The Financial accelerator and the real economy. Self-reinforcing feedback loops in a core macro econometric model for Norway
Hammersland, Roger; Træe, Cathrine Bolstad (Discussion Papers;No. 668, Working paper, 2011)Abstract: This paper gives a brief description and studies the salient features of a core macro-econometric model that allows for self-reinforcing co-movements between credit, asset prices and real economic activity, often ...