%PDF-1.4 % 4 0 obj << /S /GoTo /D (section.1) >> endobj 7 0 obj (Introduction) endobj 8 0 obj << /S /GoTo /D (section.2) >> endobj 11 0 obj (Environment and equilibrium) endobj 12 0 obj << /S /GoTo /D (subsection.2.1) >> endobj 15 0 obj (Equilibrium in the goods market) endobj 16 0 obj << /S /GoTo /D (subsection.2.2) >> endobj 19 0 obj (Equilibrium in asset markets) endobj 20 0 obj << /S /GoTo /D (section.3) >> endobj 23 0 obj (The recession and aggregate demand externalities) endobj 24 0 obj << /S /GoTo /D (section.4) >> endobj 27 0 obj (The boom: benchmark without prudential monetary policy) endobj 28 0 obj << /S /GoTo /D (section.5) >> endobj 31 0 obj (Prudential monetary policy) endobj 32 0 obj << /S /GoTo /D (subsection.5.1) >> endobj 35 0 obj (No leverage limit) endobj 36 0 obj << /S /GoTo /D (subsection.5.2) >> endobj 39 0 obj (With leverage limit) endobj 40 0 obj << /S /GoTo /D (subsection.5.3) >> endobj 43 0 obj (Numerical illustration) endobj 44 0 obj << /S /GoTo /D (section.6) >> endobj 47 0 obj (Optimal prudential monetary policy) endobj 48 0 obj << /S /GoTo /D (subsection.6.1) >> endobj 51 0 obj (Numerical illustration) endobj 52 0 obj << /S /GoTo /D (section.7) >> endobj 55 0 obj (Prudential policies with \215shadow banks\216) endobj 56 0 obj << /S /GoTo /D (subsection.7.1) >> endobj 59 0 obj (Numerical illustration) endobj 60 0 obj << /S /GoTo /D (section.8) >> endobj 63 0 obj (Final Remarks) endobj 64 0 obj << /S /GoTo /D (section.9) >> endobj 67 0 obj (Appendix: Omitted derivations) endobj 68 0 obj << /S /GoTo /D (subsection.9.1) >> endobj 71 0 obj (Omitted derivations in Section ??) endobj 72 0 obj << /S /GoTo /D (subsubsection.9.1.1) >> endobj 75 0 obj (Recursive formulation of the portfolio problem) endobj 76 0 obj << /S /GoTo /D (subsubsection.9.1.2) >> endobj 79 0 obj (Evolution of investors' wealth share) endobj 80 0 obj << /S /GoTo /D (subsection.9.2) >> endobj 83 0 obj (Omitted derivations in Section ??) endobj 84 0 obj << /S /GoTo /D (subsubsection.9.2.1) >> endobj 87 0 obj (Equilibrium in the recession and the recovery states) endobj 88 0 obj << /S /GoTo /D (subsubsection.9.2.2) >> endobj 91 0 obj (Value functions in equilibrium) endobj 92 0 obj << /S /GoTo /D (subsubsection.9.2.3) >> endobj 95 0 obj (Gap value in recession) endobj 96 0 obj << /S /GoTo /D (subsection.9.3) >> endobj 99 0 obj (Omitted derivations in Section ??) endobj 100 0 obj << /S /GoTo /D (subsection.9.4) >> endobj 103 0 obj (Omitted derivations in Section ??) endobj 104 0 obj << /S /GoTo /D (subsection.9.5) >> endobj 107 0 obj (Omitted derivations in Section ?? ) endobj 108 0 obj << /S /GoTo /D (subsection.9.6) >> endobj 111 0 obj (Details of the numerical exercise in Sections ?? and ??) endobj 112 0 obj << /S /GoTo /D [113 0 R /Fit ] >> endobj 116 0 obj << /Length 2701 /Filter /FlateDecode >> stream x}ko>@Ds|(IK/\ӳ J\[)R%D)l?{7?|H+kV+L|ZC-N1LLPIPgAq0: PeA&qЄk]ڠCD{JD(sӌ)dB%맢Z%Njo&YإbௐR'
̉3UYPsUđNDI"dkelrTQ*$ P$8taIi
\ŇV!TTHAOt})2L7?v8iy&_TGifVkGY"JбyZ7=k/_ᘤLJHl3C?VYdeU]!\]9ڿoPo_>RgCqp",CE6,n|p !cp":A9 #hc.A[[<aݷ~]}>J?V5{8UE91%`عwC-$~@tX$nE0z ߧ1|ܾl+WߏMpC_oe4IpD+r G'V6EЍ=g0#'.CL/hc2o;xF]hE