Narrow search
Showing 1 - 6 of 6
Cover Image
Bubbles and crowding-in of capital via a savings glut
Hillebrand, Marten; Kikuchi, Tomoo; Sakuragawa, Masaya - 2013
This paper uncovers a novel mechanism by which bubbles crowd in capital investment. If capital is initially depressed by a binding credit constraint, injecting a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium attract additional investors who expand investment at the...
Persistent link: https://www.econbiz.de/10010202848
Cover Image
Bubbles and crowding-in of capital via a savings glut : conference paper
Hillebrand, Marten; Kikuchi, Tomoo; Sakuragawa, Masaya - 2014
This paper uncovers a novel mechanism by which bubbles crowd in capital investment. If capital is initially depressed by a binding credit constraint, injecting a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium attract additional investors who expand investment at the...
Persistent link: https://www.econbiz.de/10010490685
Cover Image
Effects of income growth on domestic saving rates : the role of poverty and borrowing constraints
Brückner, Markus; Kikuchi, Tomoo - 2016
Persistent link: https://www.econbiz.de/10011500033
Cover Image
Minimum investment requirement, financial market imperfection and self-fulfilling belief
Kikuchi, Tomoo; Vachadze, George - In: Journal of evolutionary economics : JEE 28 (2018) 2, pp. 305-332
Persistent link: https://www.econbiz.de/10011948951
Cover Image
Bubbles and crowding-in of capital via a savings glut
Hillebrand, Marten; Kikuchi, Tomoo; Sakuragawa, Masaya - In: Macroeconomic dynamics 22 (2018) 5, pp. 1238-1266
Persistent link: https://www.econbiz.de/10011916940
Cover Image
Transitional dynamics of the saving rate and economic growth
Brückner, Markus; Kikuchi, Tomoo; Vachadze, George - In: Macroeconomic dynamics 27 (2023) 2, pp. 482-505
Persistent link: https://www.econbiz.de/10014247536