Managing Credit Booms and Busts: A Pigouvian Taxation Approach
收藏NBER2010-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16377
下载链接
链接失效反馈官方服务：
资源简介：
We study a dynamic model in which the interaction between debt accumulation and asset prices magnifies credit booms and busts. We find that borrowers do not internalize these feedback effects and therefore suffer from excessively large booms and busts in both credit flows and asset prices. We show
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
