| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11149 |
| DP11149 Secular Stagnation, Rational Bubbles and Fiscal Policy | |
| Coen N. Teulings | |
| 发表日期 | 2016-03-02 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | It is well known that rational bubbles can be sustained in a dynamically inefficient economy, where the return to capital r is below the growth rate g. However, empirical evidence suggests that modern economies are most of the time on an efficient path with r>g. This paper shows that rational bubbles can be sustained when r |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Macro Dynamic efficiency Bubbles Fiscal policy Secular stagnation |
| URL | https://cepr.org/publications/dp11149 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539964 |
| 推荐引用方式 GB/T 7714 | Coen N. Teulings. DP11149 Secular Stagnation, Rational Bubbles and Fiscal Policy. 2016. |
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