Bubbles and Leverage: A simple and unified approach

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2013-21

Classification and Topics

• Classification: Wirtschaft ; Monetary Policy ; Asset Pricing; Trading Volume; Bond Interest Rates
• Subject: asset pricing ; heterogeneity ; bubbles

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Barsky, Robert ; Bogusz, Theodore
• Event: Veröffentlichung
• (who): Federal Reserve Bank of Chicago
• (where): Chicago, IL
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/96646
• Last update: 10.03.2025, 11:44 AM CET