Bubbles and Capital Flows
收藏NBER2002-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9304
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资源简介：
This paper presents a stylized model of international trade and asset price bubbles. Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles absorb local savings, eliminating inefficient investments and
提供机构：
美国国家经济研究局
创建时间：
2002-11-01
