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Produce or speculate? Asset bubbles, occupational choice and efficiency
Cahuc, Pierre; Challe, Edouard - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10010269510
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Produce or speculate? : asset bubbles, occupational choice and efficiency
Cahuc, Pierre; Challe, Edouard - 2009
Persistent link: https://www.econbiz.de/10003931161
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Produce or speculate? : asset bubbles, occupational choice and efficiency
Cahuc, Pierre; Challe, Edouard - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10003926432
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Bubbles and self-fulfilling crises
Challe, Edouard; Ragot, Xavier - In: The B.E. journal of macroeconomics 11 (2011) 1, pp. 1-36
Persistent link: https://www.econbiz.de/10009578460
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Produce or speculate? : Asset bubbles, occupational choice and efficiency
Cahuc, Pierre; Challe, Edouard - 2010
Persistent link: https://www.econbiz.de/10009381127
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Produce or speculate? : asset bubbles, occupational choice, and efficiency
Cahuc, Pierre; Challe, Edouard - In: International economic review 53 (2012) 4, pp. 1105-1131
Persistent link: https://www.econbiz.de/10009696290
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2010
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013136911
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading requires specialized intermediaries and where agents freely choose between working in the production or in the financial sector. Frictions in the market for deposits create...
Persistent link: https://www.econbiz.de/10013153172