What conceptual framework to use to better understand how the real economy and the financial sector adjust to the new normal? These are only but a few questions that the transition poses and where we need creative thinking outside of the box. In this sense, I wish you interesting and fruitful discussions for the remainder of the seminar.
6 References Acemoglu, Daron and Simon Johnson (2007), Disease and Development: The Effect of Life Expectancy on Economic Growth, Journal of Political Economy 115(6): 925-985. Acharya, Viral V., Rahul S. Chauhan, Raghuram Rajan and Sascha Steffen (2022), Liquidity dependence: Why shrinking central banks balance sheets is an uphill task. Akcigit, Ufuk and Sina T. Ates (forthcoming). What happened to U.S. Business Dynamism?