Introduction to economic theory of bubbles

DOI10.1016/J.JMATECO.2014.06.002MaRDI QIDQ406275zbMATHOpenAlexFDO

Authors Jianjun Miao

Publication date 8 September 2014

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2014.06.002

zbMATH Keywords

incomplete marketseconomic growthborrowing constraintsarbitragedynamic efficiencyrational asset bubbles

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Collections of articles of miscellaneous specific interest (00B15) Proceedings, conferences, collections, etc. pertaining to game theory, economics, and finance (91-06) Economic growth models (91B62)

Recommendations

• Introduction to economic theory of bubbles. II
• Rational Asset Pricing Bubbles
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Cites work

• A Bayesian dynamic stochastic general equilibrium model of stock market bubbles and business cycles
• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Bubbles and Overlapping Generations
• Banking bubbles and financial crises
• Borrowing Constraints and Aggregate Economic Activity
• Bubbles and Self-Enforcing Debt
• Bubbles and constraints on debt accumulation
• Bubbles and trading in incomplete markets
• Bubbly Liquidity
• Debt Constrained Asset Markets
• Duality Theory for Infinite Horizon Convex Models
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Fiscal Policy in an Endogenous Growth Model
• Injecting rational bubbles
• Optimal Lending Contracts and Firm Dynamics
• Rational Asset Pricing Bubbles
• Rational asset pricing bubbles and debt constraints
• Safe asset shortages and asset price bubbles
• Sectoral bubbles, misallocation, and endogenous growth
• Stock market bubbles and unemployment
• The permanent income hypothesis and short-run price stability
• Tobin's Marginal q and Average q: A Neoclassical Interpretation
• Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems

Cited in

(27)

• Bubbly bitcoin
• Complex stock price dynamics under Max Weber's spirit of capitalism hypothesis
• Banking bubbles and financial crises
• Rational housing demand bubble
• Taxation, bubbles and endogenous growth
• Capital regulation and banking bubbles
• The perils of credit booms
• Bubbles and cycles in the Solow-Swan model
• PUBLIC DEBT BUBBLES IN HETEROGENEOUS AGENT MODELS WITH TAIL RISK
• Real indeterminacy and dynamics of asset price bubbles in general equilibrium
• Asset pledgeability and endogenously leveraged bubbles
• Asset trading under non-classical ambiguity and heterogeneous beliefs
• A model of financial pyramid with quasi-rational participants
• Portfolio constraints, differences in beliefs and bubbles
• Introduction to financial frictions and debt constraints
• Introduction to the symposium on bubbles, multiple equilibria, and economic activities
• Stock market bubbles and unemployment
• Toxic asset bubbles
• Introduction to economic theory of bubbles. II
• Robust bubbles with mild penalties for default
• Bubbles, wage rigidity, and persistent slumps
• Asset bubbles and efficiency in a generalized two-sector model
• Short-covering bubbles
• Ascendant altruism and asset price bubbles
• International transmission of bubble crashes in a two-country overlapping generations model
• Bubbly bailout
• Bubble economics

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