| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12641 |
| DP12641 The Macroeconomics of Rational Bubbles: A User's Guide | |
| Jaume Ventura; Alberto Martin | |
| 发表日期 | 2018-01-23 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational bubbles can be easily incorporated into standard macroeconomic models, and illustrates how they can be used to account for important macroeconomic phenomena. It also discusses the welfare implications of rational bubbles and the role of policy in managing them. Finally, it provides a detailed review of the literature. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Bubbles Credit Business cycles Economic growth Financial frictions Pyramid schemes |
| URL | https://cepr.org/publications/dp12641 |
| 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/541453 |
| 推荐引用方式 GB/T 7714 | Jaume Ventura,Alberto Martin. DP12641 The Macroeconomics of Rational Bubbles: A User's Guide. 2018. |
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