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The downside risk channel of monetary policy - News & insight -…
https://www.jbs.cam.ac.uk/2022/the-downside-risk-channel-of-monetary-policy/Barro, R. J. (2006) ‘Rare disasters and asset markets in the twentieth century’, The Quarterly Journal of Economics 131(4), 1593-1636. ... Gabaix, X. (2012) ‘Variable rare disasters: An exactly solved framework for ten puzzles in macro-finance’,
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