Asset bubbles and borrowing constraints

DOI10.1016/J.JMATECO.2007.07.002zbMath1151.91653OpenAlexW3125116949MaRDI QIDQ2469546

Takuma Kunieda

Publication date: 6 February 2008

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

Full work available at URL: https://doi.org/10.1016/j.jmateco.2007.07.002

zbMATH Keywords

heterogeneous agentsmonetary policybubblesborrowing constraintsconstrained dynamic efficiency

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (5)

Asset bubbles, credit market imperfections, and technology choice ⋮ A note on the crowd-in effect of asset bubbles in the perpetual youth model ⋮ Rational housing bubble ⋮ Debt constraints and monetary policy ⋮ Credit constraints and the process of development

Cites Work

• Debt, liquidity and dynamics
• Injecting rational bubbles
• Dynamic efficiency of steady-state equilibria in an overlapping- generations model with productive capital
• Bubbles and constraints on debt accumulation
• Nonshiftable capital, affine price expectations and convergence to the golden rule.
• Temporary bubbles.
• Existence, uniqueness, and stability of equilibrium in an overlapping- generations model with productive capital
• Assessing Dynamic Efficiency: Theory and Evidence
• A Two-Sector Overlapping-Generations Model: A Global Characterization of the Dynamical System
• Rational Asset Pricing Bubbles
• Discrete Dynamical Systems
• Bubbles and Crashes
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• Asset Bubbles and Overlapping Generations

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