The financial crisis shifted the focus of monetary policy. Whereas before the crisis the main goal of using monetary policy instruments was to keep the inflation rate low after the crisis policy makers put much emphasis on stabilizing the financial system. The economic literature has started to elaborate on the issue of macroprudential regulation only recently. Financial turbulences, by their very nature, constitute a complex dynamic phenomenon. Hence, an analysis employing tools of system dynamics should help to improve our understanding of the underlying feed-backs. In order to link economic reasoning and the systems approach a model of financial behavior developed by Stein is introduced and used to create building blocks for a basic dynamic simulation model.

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Date created

• 2012 July 22-2012 July 26

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

ab062956a014e30aaf02b44e9d33088e

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Part of

b90fd81032b7dbf0c9f90f3dc3a33f1c

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives