4min chapter

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Raghuram Rajan — Debt, Monetary Policy, and Unintended Consequences

The Joe Walker Podcast

CHAPTER

Leverage Cycles and Bubbles

Exploring the concept of leverage cycles as an explanation for bubbles, this chapter delves into the role of narratives and belief in asset solutions. It also examines whether central banks should differentiate between debt and equity bubbles when addressing potential risks.

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