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Economic growth with bubbles
Martin, Alberto; Ventura, Jaume - In: The American economic review 102 (2012) 6, pp. 3033-3058
Persistent link: https://www.econbiz.de/10009710841
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Economic Growth with Bubbles
Martin, Alberto - 2010
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 … dynamically inefficient: otherwise, there would be no demand for bubbles. This dynamic inefficiency, however, might be generated …
Persistent link: https://www.econbiz.de/10012462780
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Economic Growth with Bubbles
Martin, Alberto - 2010
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 … dynamically inefficient: otherwise, there would be no demand for bubbles. This dynamic inefficiency, however, might be generated …
Persistent link: https://www.econbiz.de/10013145230
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Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2010
"We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...
Persistent link: https://www.econbiz.de/10008664506
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Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2010
Persistent link: https://www.econbiz.de/10008666986
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Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2010
Persistent link: https://www.econbiz.de/10008746331
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Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2011
fiscal policy. - Bubbles ; financial accelerator ; credit constraints ; financial crisis ; pyramid schemes …
Persistent link: https://www.econbiz.de/10009160016
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Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - In: IMF economic review 59 (2011) 1, pp. 6-40
Persistent link: https://www.econbiz.de/10008988350
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Theoretical Notes on Bubbles and the Current Crisis
Martin, Alberto - 2010
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...
Persistent link: https://www.econbiz.de/10012462257
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Theoretical Notes on Bubbles and the Current Crisis
Martin, Alberto - 2011
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...
Persistent link: https://www.econbiz.de/10013124891