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Macroprudential Policy
Tools to sustain financial stability
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When savings claims exceed new real investment: How the top 1% stores wealth in the liabilities of the 99%
The mortgage-driven wealth transfer: A mechanism of inequality
The economic illusion of homeownership: How mortgages transform housing into a savings vehicle for the elite
The unsustainable cycle: Debt, inequality, and the threat of financial crisis
The inequality-driven debt trap: How redistribution can restore economic stability
Do monetary policy and macroprudential policy cure the root cause of financial crises?
How excess savings trigger financial crises
What drives strong saving desire in the US?
Real constraints on economic growth
Calculating US excess savings
Countercyclical economic cooling: Integrating monetary and macroprudential policies
When monetary and macroprudential goals contradict
The political economy of nonbank escape from SIFI designation
Bailing out nonbanks
Mortgage leverage: How households spark financial crises
The inequality-made imbalances 3: Inequality, the savings amplifier
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