Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
967204 | Journal of Monetary Economics | 2012 | 4 Pages |
Abstract
⺠I review an alternative model based on asymmetric information and adverse selection. ⺠This represents a different type of 'uncertainty', with very different policy implications. ⺠If both types of uncertainty are present, they are likely to reinforce each other.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Itamar Drechsler,