| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2004 |
| 来源ID | Working Paper 2004 |
| Rational Inflationary Bubbles | |
| Behzad T. Diba; Herschel I. Grossman | |
| 发表日期 | 1986-08-01 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the possible inception of rational inflationary bubbles under the assumption that the empirically relevant environment precludes the existence of rational deflationary bubbles. The analysis shows that if a rational inflationary bubble exists, then it must have started on the date of initial issuance of the fiat money. Moreover, the existence of a rational inflationary bubble would imply that, prior to the initial issuance of the fiat money, agents who anticipated its introduction expected a rational inflationary bubble to occur. The analysis also shows that once a rational inflationary bubble bursts it cannot restart. The analysis, however, does not preclude the existence of a rational inflationary bubble that shrinks periodically, but never bursts. The limitations on the inception and existence of rational inflationary bubbles also apply to rational exchange-rate bubbles. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w2004 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559256 |
| 推荐引用方式 GB/T 7714 | Behzad T. Diba,Herschel I. Grossman. Rational Inflationary Bubbles. 1986. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2004.pdf（185KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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