Bubbles and Leverage: A Simple and Unified Approach

In this paper, we lay out a simple framework that captures much of what the theoretical literature has to say about the role of credit in systemically important asset booms and busts. In addition, we suggest ways in which to incorporate physical investment in the bubble asset as well as monetary policy.

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Year of publication:	2013-11-13
Authors:	Bogusz, Theodore ; Bogusz, Theodore
Institutions:	Federal Reserve Bank of Chicago
Subject:	asset pricing \| heterogeneity \| bubbles

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number WP-2013-21 38 pages
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010735415