The financial cycle and macroeconomics: what have we learned and what are the policy implications?

2014 ◽  
pp. 10-35 ◽  
Author(s):  
Claudio Borio
Keyword(s):  
Policy Implications ◽  
Financial Cycle

The global financial cycle: Notion, empirical evidence and policy implications

2021 ◽  
pp. 43-56
Author(s):  
M. I. Stolbov
Keyword(s):  
Capital Mobility ◽  
Driving Forces ◽  
Exchange Rate Regime ◽  
Emerging Market ◽  
Policy Implications ◽  
Monetary Policy Shocks ◽  
Macroprudential Policy ◽  
Financial Cycle ◽  
Floating Exchange Rate ◽  
Policy Shocks

The article deals with the notion of the global financial cycle proposed by H. Rey and her co-authors. The driving forces of the global financial cycle are discussed along with the findings of the empirical papers testing this concept. It is shown that recognizing US monetary policy shocks as a major driver of the global financial cycle does not undermine the validity of the well-known “trilemma”: using the floating exchange rate regime still partly cushions developing and emerging market economies from external shocks. Its effect can be reinforced if macroprudential policy measures or partial restrictions on capital mobility are also applied. The review concludes by discussing possible extensions to the concept of global financial cycle.

Responses to nervous breakdowns in America over a 40-year period: Mental health policy implications.

2000 ◽  
Vol 55 (7) ◽  
pp. 740-749 ◽  
Author(s):  
Ralph Swindle ◽  
Kenneth Heller ◽  
Bernice Pescosolido ◽  
Saeko Kikuzawa
Keyword(s):  
Mental Health ◽  
Health Policy ◽  
Mental Health Policy ◽  
Policy Implications
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