Systemic Risk, Aggregate Demand, and Commodity Prices

Number: 
897
Published: 
Classification JEL: 
F32, F37, F41, F31, F47, E58
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

The paper presents a global model for analysis and projections. The model features a handful of elements that make it suitable for analyzing three broad sets of topics; first, systemic risk and its transmission to country risk premiums; second, the transm