Doug Henwood wrote:
>
> <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1297337>
>
> [Chari, Chistiano and Kehoe (2008), cited in the quoted passage, is
> the Minneapolis Fed paper]
>
> Bank Lending During the Financial Crisis of 2008
An interesting summary of observed factual material, but it would be more interesting to see some serious attempt to analyze the meaning of those facts. By themselves they are meaningless. (See Grunmdrisse on facts & relations.)
CArrol