Credit, Financial Stability, and the Macroeconomy
综述了2008年全球金融危机后关于金融体系及其危机如何影响宏观经济的最新理论和实证研究，重点介绍了发达经济体中金融不稳定与信贷作用的关键典型事实。
Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a lead set by a fast-growing empirical literature. Recent long-run historical work has uncovered a range of important stylized facts concerning financial instability and the role of credit in advanced economies, and this article provides an overview of the key findings.