Coordinating in financial crises
C Machado - Review of Economic Dynamics, 2024 - Elsevier
Why do some financial crises lead to macroeconomic disasters, while others barely affect
the real economy? This paper proposes a model to study unusually deep financial crises …
the real economy? This paper proposes a model to study unusually deep financial crises …
[PDF][PDF] Financial crises, coordination failures and disasters
C Machado - 2017 - fea.usp.br
Why do some financial crises lead to macroeconomic disasters, while others barely affect
the real economy? How should policy makers deal with such extreme events? This paper …
the real economy? How should policy makers deal with such extreme events? This paper …
Coordination failures in business cycles
CH Machado - 2017 - bibliotecadigital.fgv.br
Coordination failures are often said to play an important role in business cycles. If agents'
incentives of taking a given action depend on the amount of other agents expected to take …
incentives of taking a given action depend on the amount of other agents expected to take …