Economic Growth with Bubbles
收藏NBER2010-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15870
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资源简介：
We develop a stylized model of economic growth with bubbles. In this model, financial frictions lead to equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductive investors demand bubbles while productive investors supply them. Because of this, bubbly episodes
提供机构：
美国国家经济研究局
创建时间：
2010-04-01
