Download This PaperBubbles and Leverage: A Simple and Unified Approach
38 Pages Posted: 14 Dec 2013
Date Written: November 30, 2013
Abstract
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.
Keywords: Asset Pricing, Heterogeneity, Bubbles
JEL Classification: G120, E52
Suggested Citation: Suggested Citation
Barsky, Robert B. and Bogusz, Theodore, Bubbles and Leverage: A Simple and Unified Approach (November 30, 2013). FRB of Chicago Working Paper No. 2013-21, Available at SSRN: https://ssrn.com/abstract=2366942 or http://dx.doi.org/10.2139/ssrn.2366942
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.