Theoretical Notes on Bubbles and the Current Crisis
收藏NBER2010-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16399
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资源简介：
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the model
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
