New Short Course: Credit Cycles and Macroprudential Policy
This short course provides an overview of the stylised facts of the credit cycle and depressions, followed by an introduction to the theories of debt deflation and credit cycles. The course concludes with a discussion of the role of macroprudential policy in stabilising the credit cycle and the design of macroprudential policy institutions.
Course slides are available here.
This course was taught as part of the Economic Controversies module for advanced undergraduate students at the University of Kent.