Han, Linghui; Lee, Il Houng - International Monetary Fund (IMF) - 2012
beyond which asset prices will start to rise faster than the GDP deflator, thereby creating a gap between the face value and … the real purchasing value of financial assets and widen the wedge in income between those with capital stock and those … living on salaries. Such divergence will eventually lead to an abrupt and disorderly adjustment of the asset value, with …