A Model of Leveraged Bubbles
收藏NBER2026-04-01 更新2026-04-18 收录
下载链接：
https://www.nber.org/papers/w35050
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资源简介：
Recessions that follow asset price booms accompanied by high credit growth are deeper and longer-lasting than those following asset price booms without strong debt accumulation. We develop a dynamic general equilibrium model with a rational asset bubble and an occasionally binding borrowing
提供机构：
美国国家经济研究局
创建时间：
2026-04-01
