The macroeconomics of rational bubbles: a user's guide
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- dc.contributor.author Martin, Alberto, 1974-
- dc.contributor.author Ventura, Jaume
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:26:45Z
- dc.date.available 2020-05-25T09:26:45Z
- dc.date.issued 2017-09-01
- dc.date.modified 2020-05-25T09:25:21Z
- dc.description.abstract 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.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1581
- dc.identifier.citation Annual Review of Economics, 10 (1), 2018, 505-539
- dc.identifier.uri http://hdl.handle.net/10230/33870
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1581
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword bubbles
- dc.subject.keyword credit
- dc.subject.keyword business cycles
- dc.subject.keyword economic growth
- dc.subject.keyword financial frictions
- dc.subject.keyword pyramid schemes
- dc.subject.keyword Macroeconomics and International Economics
- dc.title The macroeconomics of rational bubbles: a user's guide
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper