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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Financial market imperfections and macroeconomics: conference summary
Eric T. Swanson
Abstract

The Federal Reserve Bank of San Francisco’s annual macroeconomics conference focused this year on the theme “Financial Market Imperfections and Macroeconomics.” Conference papers> explored the empirical and theoretical performance of the U.S. and international economies before, during, and after a financial crisis. Financial crises are typically associated with severe economic downturns, but monetary policy can help to offset some of these effects. The unconventional monetary policies pursued by many central banks after the most recent crisis may have helped prevent it from becoming much worse. ; This Economic Letter summarizes papers presented at the “Financial Market Imperfections and> Macroeconomics” conference held March 5, 2010, at the Federal Reserve Bank of San Francisco.> Conference papers are listed at the end and are available online.


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Eric T. Swanson, "Financial market imperfections and macroeconomics: conference summary" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 25, 2010.
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Keywords: Financial crises ; Financial markets ; Macroeconomics
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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