The candidate is supposed to study the Kiyotaki-Moore,JPE (1997) paper and write an essay why is assumed as a key a paper (with over than 2000 cites on google scholar) for understanding the current financial cricis. Take care to understand how do we get credit cycles and implement in the essay.
Please note that my professor is a big fan of tables and graphs and rather technical sources. He likes statistics and econometrict.
Additionally I will upload an example of an essay done previously for a course, also I will upload the text, and provide you with a link to access the main coursebook for potential references.
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